Serve Robotics shares are trading higher after Ladenburg Thalmann initiated coverage on the stock with a Buy rating and announced a price target of $16.
Portfolio Pulse from Benzinga Newsdesk
Serve Robotics shares rose after Ladenburg Thalmann initiated coverage with a Buy rating and set a price target of $16.
October 28, 2024 | 4:18 pm
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Serve Robotics received a Buy rating from Ladenburg Thalmann, with a price target of $16, leading to a rise in its stock price.
The initiation of coverage with a Buy rating and a specific price target by a financial institution like Ladenburg Thalmann is a positive signal to investors, likely leading to increased buying interest and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100