Serve Robotics Inc. (SERV) is experiencing a notable surge in its stock price today, driven primarily by a significant upgrade from Northland Securities. The firm raised its price target for Serve Robotics from $16.00 to $23.00, maintaining an "outperform" rating. This upgrade reflects a strong vote of confidence in the company's market potential and strategic direction, suggesting a potential upside of over 40% from the previous close. The announcement has likely fueled investor optimism, contributing to the stock's upward momentum.
Additionally, Serve Robotics continues to capture attention in the robotics sector, particularly with its innovative autonomous delivery solutions. The company's third-generation system, which integrates advanced AI capabilities powered by Nvidia's technology, positions it as a leader in the autonomous delivery market. Plans to deploy 2,000 new units in 2025 further underscore its growth trajectory and market momentum, making it an attractive prospect for growth-focused investors.
As of 10:00 AM on January 15, Serve Robotics' stock is trading at $18.81, marking a 14.63% increase from the previous close of $16.41. The stock opened at $17.40 and has reached a high of $19.28, with a low of $17.28. Despite being early in the trading day, the volume has already reached 5,102,740 shares, accounting for 56.16% of the average daily volume of 9,086,045 shares.