Serve Robotics (NASDAQ:SERV) Rating Lowered to "Neutral" at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald downgraded Serve Robotics from “overweight” to “neutral,” although the broader analyst consensus remains “Moderate Buy” with a $17.51 price target.
• Serve reported Q2 revenue of $3.24 million, up 404% year over year, but missed revenue and EPS estimates, posting a $0.80 loss per share and a $64.1 million net loss.
• The company cut its 2026 revenue guidance to $9 million–$10 million from analyst expectations of roughly $25.8 million, citing weaker-than-expected Uber Eats delivery volumes; shares opened at $5.68, well below their 52-week high of $18.64.

Serve Robotics (NASDAQ:SERV - Get Free Report) was downgraded by investment analysts at Cantor Fitzgerald from an "overweight" rating to a "neutral" rating in a report released on Friday.

SERV has been the subject of several other reports. Weiss Ratings upgraded Serve Robotics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 21st. Freedom Capital cut Serve Robotics from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 13th. Guggenheim began coverage on Serve Robotics in a research report on Monday, April 20th. They set a "buy" rating and a $13.00 price target for the company. Finally, LADENBURG THALM/SH SH boosted their price objective on Serve Robotics from $15.00 to $16.60 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.51.

Serve Robotics Price Performance

NASDAQ SERV opened at $5.68 on Friday. Serve Robotics has a 1 year low of $4.32 and a 1 year high of $18.64. The stock has a market capitalization of $439.46 million, a PE ratio of -2.83 and a beta of 1.34. The company's 50 day simple moving average is $6.32 and its two-hundred day simple moving average is $8.46.

Serve Robotics (NASDAQ:SERV - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing analysts' consensus estimates of ($0.69) by ($0.11). The firm had revenue of $3.24 million for the quarter, compared to analysts' expectations of $3.51 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 47.31%. On average, research analysts anticipate that Serve Robotics will post -2.67 EPS for the current year.

Insider Buying and Selling

In related news, COO Touraj Parang sold 4,219 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $7.24, for a total value of $30,545.56. Following the completion of the sale, the chief operating officer owned 1,298,244 shares in the company, valued at $9,399,286.56. The trade was a 0.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director David Michael Goldberg sold 10,600 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $7.20, for a total value of $76,320.00. Following the completion of the sale, the director directly owned 35,125 shares of the company's stock, valued at approximately $252,900. This represents a 23.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,200 shares of company stock worth $232,704 in the last quarter. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Serve Robotics

A number of large investors have recently added to or reduced their stakes in the business. Main Management ETF Advisors LLC increased its holdings in shares of Serve Robotics by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 166,779 shares of the company's stock worth $1,731,000 after buying an additional 1,704 shares during the period. Creative Planning boosted its holdings in Serve Robotics by 14.5% during the 3rd quarter. Creative Planning now owns 14,800 shares of the company's stock valued at $172,000 after acquiring an additional 1,877 shares during the period. Russell Investments Group Ltd. grew its position in Serve Robotics by 38.0% during the 4th quarter. Russell Investments Group Ltd. now owns 7,003 shares of the company's stock worth $73,000 after acquiring an additional 1,927 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Serve Robotics by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,274 shares of the company's stock worth $45,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Serve Robotics by 149.3% during the 4th quarter. Harbour Investments Inc. now owns 3,740 shares of the company's stock worth $39,000 after acquiring an additional 2,240 shares during the last quarter.

Key Stories Impacting Serve Robotics

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

• Positive Sentiment: Serve reported Q2 revenue of $3.24 million, up 404% year over year and 9% sequentially. Revenue from DoorDash grew nearly 50% sequentially, while recurring revenue exceeded 50% of total revenue and advertising represented nearly half of food-delivery revenue. Serve Robotics Announces Second Quarter 2026 Results
• Positive Sentiment: The company expanded beyond food delivery through a NoScrubs Laundry partnership, while healthcare operations added two hospitals and extended seven multiyear contracts. These developments support broader use of Serve’s autonomous robot fleet. Serve Robotics Reports Q2 2026 Results with 404% Revenue Growth and Expanded Autonomous Delivery Partnerships
• Positive Sentiment: Serve ended June with $240.4 million in cash and marketable securities and lowered its full-year non-GAAP operating-expense outlook to $140 million-$150 million from $160 million-$170 million, providing financial flexibility.
• Neutral Sentiment: Management continues targeting food, grocery, healthcare and other delivery services, reinforcing the company’s strategy of building a diversified last-mile robotics platform. Serve Robotics is Crashing: Buy the Dip?
• Negative Sentiment: Q2 EPS was a loss of $0.80, worse than the expected $0.69 loss and the year-ago loss of $0.36. Revenue also fell short of the $3.51 million consensus estimate, while net loss widened to $64.1 million. Serve Robotics Inc. Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Serve cut FY 2026 revenue guidance to $9 million-$10 million, far below the roughly $25.8 million analyst consensus, citing lower-than-expected Uber Eats delivery volumes and removal of projected second-half demand. Serve Robotics Trims 2026 Outlook Amid Strong Growth

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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