Serve Robotics Inc. (SERV) is experiencing a decline in its stock price today, primarily driven by a recent forecast that has set a price target of $16.00, indicating a potential downside from its current trading levels. This forecast, issued by five Wall Street analysts, has contributed to a negative sentiment around the stock, despite the consensus rating of "Strong Buy." The analysts' average price target suggests a downside of -3.56%, which may be causing concern among investors and contributing to the stock's downward movement.
Despite the early trading hours, Serve Robotics Inc. has already seen a significant volume of 4,824,119 shares, accounting for 55.06% of its average daily volume of 8,761,181. The stock opened at $17.53 and has fluctuated between a high of $17.58 and a low of $15.55. Currently, SERV is trading at $15.83, down 15.53% from the previous close of $18.73.