#7 - Serve Robotics (NASDAQ:SERV)
Serve Robotics Inc. (NASDAQ: SERV) is a name to consider if you have an appetite for the opportunity in small-cap stocks. Serve Robotics is one of the leading names in robotic last-mile delivery. Specifically, the company manufactures low-emission, self-driving urban delivery robots.
Serve Robotics is already deploying vehicles in the Los Angeles market, where it serves approximately 300 restaurants. In 2025, the company plans to deploy 2,000 robots as part of a contract with Uber Eats and expand into additional markets.
The company made its public debut in April 2024 after going public as a SPAC company. It’s generating little revenue and is not profitable. However, in July 2024, SERV stock surged over 220% on news of an additional investment from NVIDIA, one of the company’s largest investors. This move was largely enabled by the company’s size and low float mixed with a surge in trading volume.
That said, this may not be a time to take a long position in SERV stock, but it may be time to add the company to your watch list to find a better entry point.
About Serve Robotics
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.
Read More - Current Price
- $7.85
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $16.00 (103.8% Upside)
Many investors may be scared off by a field like robotics. It's a fast-moving industry, and many companies trade at premium valuations. And when you combine robotics with AI, the growth is even more impressive.
If this presentation has increased your interest in this sector but you're unwilling to invest in any single stock, there are several thematic ETFs that focus on both robotics and AI. For example, the Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ) is up 24% in the last 12 months and 14% in 2024.
However, as this presentation shows, many individual companies have generated a return much higher than 24%. And some of those companies offer a dividend that can make your total return even higher.
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