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Why Serve Robotics Stock Skyrocketed Higher This Week
The Motley Fool· 2026-01-08 19:34
Core Insights - Serve Robotics has experienced a significant stock price increase of 33% this week, with shares rising by 16.78% on a single day, indicating strong market interest and momentum [1][2]. Company Performance - The current stock price of Serve Robotics is $15.73, with a market capitalization of $1.0 billion. The stock has a 52-week range of $4.66 to $23.10, reflecting substantial volatility [2]. - Analysts have raised the price target for Serve Robotics to $26 per share, suggesting a potential upside of 66% over the next year, following multiple strong buy ratings from various analysts [2]. Industry Developments - The company received notable attention from Nvidia's CEO Jensen Huang during CES 2026, which is expected to enhance its market perception, especially given the partnership between Serve Robotics and Nvidia [3]. - Recent acquisitions in the robotics sector, including Grab's purchase of Infermove and Mobileye's acquisition of Mentee Robotics, may have positively influenced investor sentiment towards Serve Robotics [4]. Revenue Projections - Serve Robotics is projected to grow its revenue from $2.5 million in 2025 to $25 million in 2026, indicating a significant potential for growth in the robotic delivery market [5].