$SERV

Dan Ives’ statement created a gap breakout. The Fed put is like lifeblood for stocks of this kind. It is essential for them to spread and grow. 👇
Serve Robotics rallies after attracting a bull call from Wedbush
Wedbush Securities started off coverage on Serve Robotics (NASDAQ:SERV) on Wednesday with an Outperform rating. The firm sees Serve Robotics (NASDAQ:SERV) as establishing a pioneering autonomous delivery platform that is uniquely positioned to capitalize on the accelerating adoption of AI-driven last-mile delivery vehicles.

Analyst Dan Ives noted the company's platform enables its robotic fleet to safely navigate city streets and sidewalks while providing reliable, contactless service without requiring technical expertise from users. It was also noted that the Redwood City-based company works closely with major industry players and merchant platforms to tailor deployments and optimize workflows.

"Serve is positioning itself within the industry by building multiple revenue streams, including delivery, software services, and advertising providing multiple avenues to generate stable top-line growth while capitalizing on increased enterprise desire to automate the commerce industry," updated Ives. "With plans to grow its autonomous robot fleet to 2,000 by the end of 2025, establish new partnerships, and launch operations in additional cities with favorable regulatory environments, Serve is strongly positioned to gain market share as demand rises for automation, operational efficiency, and sustainable delivery solutions," he added.

Looking ahead, Serve Robotics (SERV) is seen starting to capitalize over the coming years as cities and businesses seek to modernize delivery infrastructure with the company's scalable, data-driven approach, positioning it as a key enabler of the next wave of urban commerce. Key catalysts include Serve (SERV) scaling to 2,000 robots across multiple cities by the end of 2025 and launching to new cities with strong urban presences and favorable regulations.Strategic partnerships with multiple restaurants/enterprises nationwide are also anticipated.

Wedbush assigned a price target of $15 to Serve Robotics (SERV).