Serve Robotics (NASDAQ:SERV) Trading Up 1.4% on Analyst Upgrade

Shares of Serve Robotics Inc. (NASDAQ:SERV) were up 1.4% during mid-day trading on Friday after LADENBURG THALM/SH SH upgraded the stock to a strong-buy rating. The stock traded as high as $10.52 and last traded at $10.26. Approximately 8,944,320 shares changed hands during trading, an increase of 11% from the average daily volume of 8,077,102 shares. The stock had previously closed at $10.12.

A number of other brokerages have also recently weighed in on SERV. Wedbush began coverage on Serve Robotics in a report on Wednesday, August 27th. They set an “outperform” rating and a $15.00 price objective on the stock. Oppenheimer assumed coverage on shares of Serve Robotics in a research report on Thursday. They set an “outperform” rating and a $20.00 price target on the stock. Singular Research raised shares of Serve Robotics to a “moderate buy” rating in a research note on Tuesday, August 26th. Cantor Fitzgerald restated an “overweight” rating on shares of Serve Robotics in a report on Monday, November 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Serve Robotics in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Insiders Place Their Bets

In other news, COO Touraj Parang sold 9,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $11.78, for a total value of $111,910.00. Following the transaction, the chief operating officer owned 1,351,091 shares in the company, valued at approximately $15,915,851.98. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Euan Abraham sold 25,000 shares of Serve Robotics stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $17.99, for a total transaction of $449,750.00. Following the completion of the transaction, the insider directly owned 250,539 shares in the company, valued at approximately $4,507,196.61. The trade was a 9.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 230,895 shares of company stock worth $2,895,554. 5.50% of the stock is currently owned by corporate insiders.

Trending Headlines about Serve Robotics

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%

Hedge Funds Weigh In On Serve Robotics

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Serve Robotics during the third quarter valued at about $27,000. Allworth Financial LP increased its holdings in Serve Robotics by 316.7% during the 2nd quarter. Allworth Financial LP now owns 3,900 shares of the company’s stock valued at $45,000 after purchasing an additional 2,964 shares during the period. SBI Securities Co. Ltd. raised its position in Serve Robotics by 166.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,218 shares of the company’s stock valued at $49,000 after purchasing an additional 2,637 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Serve Robotics during the 2nd quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. purchased a new stake in Serve Robotics in the 3rd quarter worth approximately $59,000.

Serve Robotics Trading Up 1.4%

The firm has a market cap of $764.16 million, a PE ratio of -6.89 and a beta of -0.14. The firm has a fifty day simple moving average of $11.85 and a two-hundred day simple moving average of $11.51.

Serve Robotics (NASDAQ:SERV) last announced 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). Serve Robotics had a negative net margin of 4,121.58% and a negative return on equity of 38.52%. The business had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. Equities analysts expect that Serve Robotics Inc. will post -0.98 earnings per share for the current fiscal year.

About Serve Robotics

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.