Serve Robotics Inc. (NASDAQ:SERV) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analyst consensus: Eight analysts give Serve Robotics an average "Buy" rating (1 sell, 5 buy, 2 strong buy) with a 12‑month average price target of $18.60.
• Mixed catalysts: Positive momentum from new delivery partnerships (e.g., Uber Eats/White Castle) and Wedbush's Outperform call with a $22 target is offset by high‑profile safety incidents in Chicago and rising regulatory/media scrutiny.
• Financials & trading: Shares trade near $8.32 (12‑month range $4.66–$18.64) with a market cap around $630M; the company reported EPS of -$0.46 (beat estimates) but has very negative margins, and insiders have recently sold shares.

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) has been given an average recommendation of "Buy" by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.60.

SERV has been the topic of a number of recent research reports. Loop Capital set a $16.00 target price on Serve Robotics in a report on Wednesday, December 31st. Cantor Fitzgerald reduced their price target on Serve Robotics from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Tuesday, March 17th. LADENBURG THALM/SH SH raised Serve Robotics to a "strong-buy" rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Serve Robotics in a research note on Monday, December 29th. Finally, Freedom Capital raised shares of Serve Robotics to a "strong-buy" rating in a report on Wednesday, December 31st.

Serve Robotics Trading Down 8.4%

Shares of NASDAQ SERV opened at $8.32 on Friday. Serve Robotics has a 12-month low of $4.66 and a 12-month high of $18.64. The firm has a market capitalization of $629.74 million, a price-to-earnings ratio of -5.23 and a beta of 0.90. The firm has a 50 day moving average of $10.27 and a 200 day moving average of $11.54.

Serve Robotics (NASDAQ:SERV - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.03. Serve Robotics had a negative net margin of 3,821.98% and a negative return on equity of 38.54%. The business had revenue of $0.88 million for the quarter, compared to analysts' expectations of $0.77 million. Sell-side analysts predict that Serve Robotics will post -0.98 EPS for the current year.

Key Stories Impacting Serve Robotics

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

• Positive Sentiment: Wedbush reiterated an Outperform rating and a $22 12‑month price target after a two‑day investor meeting, highlighting Serve’s fleet deployments, new revenue streams and market‑share potential — a clear bullish catalyst if management executes. Serve Robotics well-positioned to gain market share: Wedbush
• Positive Sentiment: Commercial traction: Serve expanded its delivery partnerships, including a White Castle program on Uber Eats, validating route-to-revenue opportunities and third‑party distribution leverage. Such partnerships can raise utilization and revenue per robot. Serve Robotics (SERV) Partners With White Castle for Autonomous Delivery on Uber Eats
• Positive Sentiment: Platform leverage story: coverage highlights Serve tapping Uber and DoorDash scale to increase robot utilization and unlock new revenue streams — a strategic positive if these integrations measurably boost utilization and unit economics. SERV Taps Uber & DoorDash Scale: Is Platform Leverage Paying Off?
• Neutral Sentiment: Investor/market analysis pieces (e.g., strategy and opportunity writeups) review long-term upside but note execution and capital needs; useful background but not an immediate price trigger. How Far Can Serve Robotics (SERV) Push Its Delivery Robot Opportunity?
• Negative Sentiment: Multiple incidents in Chicago — two bus‑shelter collisions within days and viral video coverage of a robot shattering glass — have drawn local political criticism and safety concerns, creating reputational and potential liability/regulatory risk. There’s Something Incredibly Weird About Two Delivery Robots Crashing Through Glass Bus Shelter in Chicago Within a Few Days of Each Other
• Negative Sentiment: Chicago officials publicly criticized Serve (and another operator) over shelter damage; heightened scrutiny could lead to fines, restrictions or stricter operating rules that would slow expansion and increase costs. Chicago criticizes Serve and Coco Robotics over bus shelter damage
• Negative Sentiment: High-profile media and pundit scrutiny — including Jim Cramer saying he wouldn’t buy due to losses and “complex” macro conditions — amplifies negative sentiment and may pressure short‑term flows despite longer‑term narratives. Jim Cramer on Serve Robotics: “We Can’t Go With Those Right Now. It’s Too Complex a Time”

Insider Transactions at Serve Robotics

In other news, CEO Ali Kashani sold 13,500 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $9.72, for a total transaction of $131,220.00. Following the sale, the chief executive officer directly owned 3,334,914 shares in the company, valued at $32,415,364.08. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Read sold 3,185 shares of Serve Robotics stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $10.33, for a total transaction of $32,901.05. Following the transaction, the chief financial officer owned 325,856 shares in the company, valued at approximately $3,366,092.48. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 95,604 shares of company stock valued at $1,067,547. Company insiders own 5.50% of the company's stock.

Hedge Funds Weigh In On Serve Robotics

Several large investors have recently made changes to their positions in SERV. First Trust Advisors LP bought a new position in shares of Serve Robotics in the third quarter worth about $8,840,000. Geode Capital Management LLC raised its stake in Serve Robotics by 176.0% during the 2nd quarter. Geode Capital Management LLC now owns 878,668 shares of the company's stock valued at $10,054,000 after purchasing an additional 560,361 shares during the period. Vanguard Group Inc. lifted 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 purchasing an additional 521,945 shares in the last quarter. Creek Drive Management Group LLC purchased a new position in Serve Robotics in the 4th quarter worth approximately $4,912,000. Finally, State Street Corp boosted its stake in Serve Robotics by 29.5% in the 4th quarter. State Street Corp now owns 1,245,411 shares of the company's stock worth $12,927,000 after purchasing an additional 283,497 shares during the period.

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.

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