This Robotics Stock Just Hit a Key Milestone. Should You Buy It Here?

Core Insights - Robotics stocks are increasingly being recognized for their potential in automating delivery and logistics, with companies striving to prove their technological capabilities beyond mere testing projects [1] Company Overview - Serve Robotics (SERV) has successfully achieved its 2025 goal of deploying over 2,000 autonomous delivery robots ahead of schedule, establishing itself as the largest sidewalk delivery fleet in the U.S. [2] - The company, a spinoff from Uber, specializes in AI-powered delivery robots for last-mile food delivery, currently serving clients like Uber Eats and 7-Eleven, and has secured multi-year contracts for robot deployment across U.S. cities [3] Market Performance - Serve Robotics has a market capitalization of approximately $900 million, with its stock experiencing a decline of about 20% year-to-date in 2025, trading around $10 to $11 [4] - The stock is considered richly valued, trading at approximately 37 times expected sales, significantly higher than the industry average of 7, while its price-to-book (P/B) ratio stands at roughly 3.3x, aligning with competitors in the robotics and tech sector [5]