Core Viewpoint - Wedbush Securities has initiated a "Outperform" rating for Serve Robotics (SERV.US) with a target price of $15, highlighting the company's innovative autonomous delivery platform that leverages the growing trend of AI-driven last-mile delivery vehicles [1] Company Summary - Serve Robotics is establishing a pioneering autonomous delivery platform that allows its robot fleet to safely navigate urban streets and sidewalks, providing reliable, contactless service without requiring technical knowledge from users [1] - The company collaborates closely with major industry players and merchant platforms to customize deployment solutions and optimize workflows [1] - Serve Robotics is building multiple revenue streams, including delivery, software services, and advertising, to achieve stable revenue growth while capitalizing on the increasing demand for automation in the commercial sector [1] Future Outlook - The company plans to expand its autonomous robot fleet to 2,000 units by the end of 2025 and establish new partnerships while operating in other cities with favorable regulatory environments [1] - Serve Robotics is expected to emerge as a key driver of urban commercial development as cities and businesses seek to modernize their delivery infrastructure with the company's scalable, data-driven approach [1] - Key growth factors include the expansion of robot numbers across multiple cities by the end of 2025 and the establishment of strategic partnerships with various restaurants and businesses across the United States [1]