Reported 3 days ago
Serve Robotics Inc. (NASDAQ:SERV) is gaining analyst confidence following its reaffirmed Overweight rating and $17 price target by Cantor Fitzgerald due to strong unit economics and strategic partnerships. The company is set to double its fleet of delivery robots to 800 by the third quarter while expanding operations to Chicago. With a major investment from Uber Eats, which holds an 8% stake, Serve Robotics aims to provide cost-effective food delivery solutions through its autonomous, low-emission robots.
Source: YAHOO