1 AI and Robotics Stock to Buy Before It Soars by 40% to $23 a Share, According to a Wall Street Expert

Core Insights - Serve Robotics aims to expand its fleet to 2,000 by the end of 2025, targeting an annualized revenue run rate of $60 million to $80 million by 2026 [1] - The global last-mile delivery market is projected to grow from $132.7 billion in 2022 to $258.7 billion by 2030, positioning Serve to capitalize on this growth [2] - Serve has deployed 1,000 delivery robots across five cities and completed over 100,000 deliveries in partnership with Uber Eats [4] Company Expansion and Partnerships - Serve Robotics has successfully deployed 120 new third-generation robots ahead of schedule, bringing its total fleet to over 400 robots [2] - The company has expanded its commercial ecosystem, integrating over 2,500 restaurants and stores into its delivery network, significantly increasing from the previous year [10] - New partnerships with DoorDash and Little Caesars are expected to enhance its delivery operations [10] Operational Performance - In Q2, delivery volumes increased by 78% sequentially, maintaining a 99.8% delivery success rate [13] - Average daily operating hours per robot rose by 20% to 10.8, while robot intervention rates decreased by 25% [13] - Revenue increased by 37% year over year in Q2 to $641,000, driven by fleet growth and improved utilization [14] Financial Position - Serve Robotics had $183 million in cash at the end of Q2 and raised $100 million through the sale of 6.25 million shares to institutional investors [14][15] - Analysts project revenue to grow significantly, with expectations of $3.7 million in 2025, $35.1 million in 2026, and $71.4 million in 2027 [17] Valuation and Market Sentiment - Serve's share price has increased by nearly 90% over the past year, currently trading at over 430 times sales [16] - Despite high valuations, the company is seen as having strong long-term potential, with several catalysts for growth [19]