Streetbeat News

SERV

Serve Robotics Inc.

https://www.serverobotics.com

Industry

Industrial - Machinery

Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc. in July 2023. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.

Open

9.90

Mkt cap

390M

Volume

8.5M

High

9.97

P/E Ratio

-10.23

52-wk high

30.00

Low

8.81

Div yield

N/A

52-wk low

1.77

Serve Robotics (NYSE:SERV) has seen a 5.52% increase in short interest, with 16.24% of its float sold short. This is higher than its peers' average of 9.29%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 6:45 pm

Serve Robotics Inc. (NASDAQ:SERV) shares rose after Northland Capital Markets initiated coverage with an Outperform rating and a $16 price target. The company, backed by Uber and NVIDIA, focuses on autonomous mobile robots for food delivery, projecting significant revenue growth by 2026.

Portfolio Pulse from Vaishali Prayag

October 18, 2024 | 7:39 pm

Serve Robotics shares rose after Northland Capital Markets initiated coverage with an Outperform rating and set a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:40 pm

Northland Capital Markets has initiated coverage on Serve Robotics with an Outperform rating and set a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:06 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, BABA, SERV, XPEV, AMZN, UAA, HD, CMG, SHAK, and MAR. These trades indicate potential market sentiment and price movements.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:35 pm

Serve Robotics Inc (NASDAQ:SERV) shares rose after unveiling its third-generation autonomous delivery robots with enhanced capabilities and reduced costs. The company plans to deploy 2,000 units on Uber Eats by 2025, featuring Nvidia's technology.

Portfolio Pulse from Adam Eckert

October 16, 2024 | 1:11 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in stocks like TSLA, AMZN, XPEV, BABA, GRPN, PDD, SERV, VFC, F, and JD. These trades indicate varying market sentiments, from bullish to bearish, and could signal potential trading opportunities.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:35 pm

Serve Robotics shares rose after Seaport Global initiated coverage with a Buy rating and a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:30 pm

Seaport Global has initiated coverage on Serve Robotics with a Buy rating and set a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:12 pm

On Monday, several US-listed stocks saw significant gains despite a general market downturn. Pfizer's shares rose 4% after Starboard Value acquired a $1 billion stake. Scholar Rock Holding Corp's shares surged 291% following positive clinical trial results. Duckhorn Portfolio's shares climbed 101.3% after reporting strong financial results and announcing an acquisition by Butterfly Equity. Arcadium Lithium gained 40.1% after a potential acquisition approach by Rio Tinto. Vista Outdoor's shares increased 9.8% following a definitive agreement to sell Revelyst.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 2:08 pm

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