Serve Robotics Inc (NASDAQ:SERV) shares are trading higher Wednesday after Wedbush initiated coverage on the stock, suggesting shares have plenty of room to run.
What To Know: Wedbush analyst Dan Ives put an Outperform rating on Serve Robotics and set a 12-month price target of $15, citing the company’s positioning in the AI space.
Ives believes Serve Robotics’ autonomous delivery platform is uniquely positioned to grow alongside the accelerating adoption of AI-driven last mile delivery options.
“Serve is positioning itself within the industry by building multiple revenue streams including delivery, software services, and advertising, providing multiple avenues to generate stable top-line growth,” the Wedbush analyst wrote in a new note to clients.
Key catalysts for Serve include the company’s plan to scale to 2,000 robots by the end of the year, a planned expansion to new cities, and strategic partnerships with restaurants and enterprises.
“Serve is strongly positioned to gain market share as demand rises for automation, operational efficiency, and sustainable delivery solutions,” Ives wrote.
How To Buy SERV Stock
By now you're likely curious about how to participate in the market for Serve Robotics – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
SERV Price Action: Serve Robotics shares were up 15.34% at $11.84 at the time of publication Wednesday, according to Benzinga Pro.
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Photo: courtesy of Serve Robotics.
