Serve Robotics (NASDAQ:SERV) Shares Up 6% After Analyst Upgrade

Serve Robotics Inc. (NASDAQ:SERV) shares traded up 6% on Thursday after LADENBURG THALM/SH SH upgraded the stock to a strong-buy rating. The stock traded as high as $10.56 and last traded at $10.12. 6,949,396 shares traded hands during trading, a decline of 14% from the average session volume of 8,073,973 shares. The stock had previously closed at $9.55.

Several other brokerages also recently commented on SERV. Northland Securities set a $26.00 price objective on shares of Serve Robotics in a research report on Monday, October 13th. Oppenheimer began coverage on shares of Serve Robotics in a research report on Thursday. They set an “outperform” rating and a $20.00 target price on the stock. Wedbush began coverage on shares of Serve Robotics in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $15.00 price target for the company. Singular Research raised shares of Serve Robotics to a “moderate buy” rating in a research note on Tuesday, August 26th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Serve Robotics in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.50.

Insider Activity at Serve Robotics

In related news, CFO Brian Read sold 6,700 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $13.15, for a total value of $88,105.00. Following the completion of the transaction, the chief financial officer owned 337,199 shares in the company, valued at $4,434,166.85. This trade represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anthony Armenta sold 5,003 shares of Serve Robotics stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.96, for a total value of $59,835.88. Following the sale, the insider directly owned 555,034 shares of the company’s stock, valued at approximately $6,638,206.64. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 230,895 shares of company stock valued at $2,895,554 over the last three months. 5.50% of the stock is owned by corporate insiders.

Key Serve Robotics News

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Oppenheimer initiated coverage with an “Outperform” and a bullish price target; the initiation was highlighted by coverage saying the stock could nearly double, which likely triggered buying and helped lift the shares. Oppenheimer initiation
• Positive Sentiment: Analyst coverage and commentary amplified upside expectations — coverage summarized by The Motley Fool highlighted the new analyst’s conviction and price target upside, supporting short‑term bullish flows. Analyst coverage
• Positive Sentiment: Brokerage/analyst consensus updated to a “Moderate Buy,” which can help sustain interest from institutional and retail investors looking for analyst confirmation. Consensus recommendation
• Neutral Sentiment: Sector comparison piece (SERV vs. UBER) frames Serve as a pure‑play on last‑mile autonomous delivery versus Uber’s diversified exposure — useful context but not an immediate catalyst. Investors may use this to assess relative valuation and strategic runway. SERV vs UBER analysis
• Negative Sentiment: Reports of insider selling triggered a sharp pullback — coverage cited a material insider sale and noted the stock traded down significantly (reports referenced a ~9.6% drop), which can prompt short‑term selling and higher volatility as investors reassess insider timing and potential dilution. Insider selling – down 9.6%

Institutional Trading of Serve Robotics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP purchased a new position in Serve Robotics during the third quarter worth approximately $8,840,000. Capital Fund Management S.A. purchased a new position in shares of Serve Robotics during the 1st quarter valued at approximately $4,244,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Serve Robotics by 616.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 679,014 shares of the company’s stock valued at $3,972,000 after acquiring an additional 584,302 shares during the period. Geode Capital Management LLC increased its holdings in Serve Robotics by 176.0% in the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company’s stock worth $10,054,000 after acquiring an additional 560,361 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Serve Robotics by 25.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,594,869 shares of the company’s stock worth $30,178,000 after acquiring an additional 521,945 shares in the last quarter.

Serve Robotics Stock Up 1.4%

The company has a market capitalization of $764.16 million, a price-to-earnings ratio of -6.89 and a beta of -0.14. The stock’s 50-day simple moving average is $11.85 and its two-hundred day simple moving average is $11.51.

Serve Robotics (NASDAQ:SERV) last released its earnings results on Wednesday, November 12th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.17). The company had revenue of $0.69 million for the quarter, compared to analysts’ expectations of $0.69 million. Serve Robotics had a negative return on equity of 38.52% and a negative net margin of 4,121.58%. On average, sell-side analysts forecast that Serve Robotics Inc. will post -0.98 EPS for the current year.

Serve Robotics Company Profile

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.