Cantor Fitzgerald Reiterates Overweight Rating on Serve Robotics (SERV)

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $17.00 price target on Serve Robotics (NASDAQ: SERV).

The analyst commented, "On 9/9, SERV announced the acquisition of Voysys AB, a Swedish company that provides ultra-low latency video streaming, connectivity, and teleoperation technology. With this acquisition, SERV aims to enhance its technology stack to support its deployment of its autonomous delivery robots. SERV reported a total fleet of >400 delivery robots as of 2Q25, after it deployed 120 robots during the quarter. SERV's initial market for operations was LA, followed by Miami and Dallas-Fort Worth area. To date, SERV has completed >100,000 deliveries, and grew its merchant partners to >2,500 as of 2Q. SERV intends to double its robot fleet size (deploying >700 robots) in 3Q25, and plans to deploy ~2,000 robots by FY25."

For an analyst ratings summary and ratings history on Serve Robotics click here. For more ratings news on Serve Robotics click here.

Shares of Serve Robotics closed at $12.13 yesterday.

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