Serve Robotics Surges 180% in 6 Months: How Should You Play the Stock?

Serve Robotics (SERV) shares have surged 179.9% in the past 6 months, outperforming the Zacks Computer & Technology sector’s return of 15.2% and the Zacks IT Services industry’s rally of 19.2%.The rise in shares can be attributed to SERV’s strong revenue growth on increased core delivery and branding revenues.SERV’s Quarter DetailsRevenues increased to $0.22 million from$0.06 million in the year-ago quarter. The increase resulted primarily from $0.04 million in revenues from Serve Robotics’ software servic ...