Serve Robotics (NASDAQ:SERV) Stock Rating Upgraded by Northland Capmk

Serve Robotics (NASDAQ:SERV) was upgraded by Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Seaport Res Ptn raised shares of Serve Robotics to a “strong-buy” rating in a research report on Monday, October 7th. Aegis raised Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Northland Securities assumed coverage on Serve Robotics in a research report on Friday. They issued an “outperform” rating and a $16.00 target price on the stock.

Serve Robotics Price Performance

SERV stock opened at $9.36 on Friday. Serve Robotics has a 1-year low of $1.77 and a 1-year high of $24.09. The business has a fifty day simple moving average of $8.83.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. The company had revenue of $0.47 million for the quarter. As a group, research analysts anticipate that Serve Robotics will post -0.94 EPS for the current fiscal year.

Institutional Trading of Serve Robotics

Several hedge funds have recently bought and sold shares of SERV. Bfsg LLC purchased a new position in Serve Robotics during the third quarter valued at approximately $38,000. Harbour Capital Advisors LLC bought a new stake in shares of Serve Robotics during the 3rd quarter valued at $198,000. PFG Investments LLC purchased a new stake in Serve Robotics in the 2nd quarter worth $110,000. Finally, Thomist Capital Management LP bought a new stake in Serve Robotics during the second quarter valued at about $407,000.

Serve Robotics Company Profile

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.