Shares of robotic delivery upstart Serve Robotics (SERV 8.36%) have spiked 33% this week as of 2:00 p.m. ET on Thursday following numerous news items. Intent on leading the robot revolution (at least the AI-powered kind that brings food and groceries to your door), Serve Robotics has been receiving a lot of attention from Wall Street recently.
NASDAQ: SERV
Key Data Points
Serve's exciting week
On Friday last week, Serve Robotics' stock received a significant price target hike to $26 per share from Northland Securities. Even after the stock's incredible run over the last week, this price target still suggests a 66% upside over the next year. This followed three other strong buy or outperform ratings from other analysts in December.
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Then, on Monday this week, Nvidia Chief Executive Officer Jensen Huang pointed to a picture of a Serve Robotics robot during his speech at CES 2026, saying, "I love those guys." While this may seem like a trivial quote, it comes from one of the most renowned CEOs of our time, so the market assigned a lot of value to those words. Keep in mind that the two companies are partners, though, so this isn't a random seal of approval.
Lastly, Serve's stock likely received a boost from two robotics acquisitions that took place this week. Singapore's ride-hailing and delivery juggernaut Grab acquired China-based last-mile robotics start-up Infermove, while autonomous driving technology provider Mobileye bought Mentee Robotics, known for its humanoid robots.
With Serve expected to grow its revenue from $2.5 million in 2025 to $25 million in 2026, the robotic delivery market may finally start producing tangible results. That said, Serve will trade at a hefty 40 times next year's sales, so interested investors may want to consider buying in small batches over time.
