Uber(US:UBER) Youtube·2025-10-10 20:15Core Viewpoint - Serve Robotics is experiencing a decline in stock price despite overall growth and positive business developments, attributed to market conditions and recent secondary offerings [1][5]. Company Overview - Serve Robotics is a pioneer in autonomous robotics, focusing on self-delivery robots for food and last-mile parcel delivery, equipped with artificial intelligence [2][3]. - The company was spun off from Uber and has recently launched its thousandth delivery unit, with plans to deploy a total of 10,000 units by the end of the year [2][3]. Recent Developments - The company has partnered with DoorDash in addition to its existing collaboration with Uber Eats, which has positively impacted its stock price [3][4]. - Web Bush has raised the price target for Serve Robotics from $15 to $22 while maintaining an outperform rating [4]. Financial Performance - Serve Robotics issued approximately $100 million in secondary offerings to strengthen its balance sheet and support business expansion, which has contributed to downward pressure on its stock [5]. - The company's sales were around $1.5 million last year, with estimates for this year projected at $4 million, and a significant increase to $36 million expected next year, indicating nearly a tenfold growth [9][10]. Market Position - Serve Robotics competes with other technology companies in the robotics space, including Amazon and several private firms [8][9]. - The company is positioned to capture market share in urban delivery, leveraging advancements in autonomous technology and artificial intelligence [11].