SERV stock has surged 370% since IPO with partnerships and new technology, but is overvalued.

From Nasdaq: 2025-01-03 09:45:00

Serve Robotics (SERV) shares have surged 370.1% since its public equity offering on April 18, 2024, outperforming the Zacks Computer & Technology sector. The AI-powered last-mile robot delivery service provider’s partnership with companies like Uber Eats and 7-Eleven is driving demand. Will this upward trend continue in 2025?

SERV’s expanding robotics offering enhances its competitive position in last-mile delivery, with partnerships expanding to include Shake Shack, Ouster, Wing Aviation, and Magna. The company’s third-generation robots, with upgraded technology, are expected to boost delivery efficiency and reduce costs. SERV aims to deploy 2,000 robots in 2025.

Earnings estimates for SERV show improvement, with expected losses per share decreasing for 2025. Despite trading above the 50-day and 200-day moving averages, SERV stock is considered overvalued. Revenue declines in the third quarter of 2024 are a concern, but the company’s expanding robotics fleet holds promise for long-term growth.

From thousands of stocks, Zacks experts have identified a company with explosive upside potential, targeting millennial and Gen Z audiences. With nearly $1 billion in revenue last quarter, this company presents a significant growth opportunity. Investors are advised to consider this stock for potential high returns in the coming months.



Read more at Nasdaq: SERV Stock Rises 370% Since IPO: Will the Rally Continue in 2025?