Group 1 - Analyst Dan Ives from Wedbush Securities initiated coverage on Serve Robotics with a price target of $15, representing a 33% premium to the current stock price, leading to a 15.7% increase in shares [2] - Serve Robotics is focusing on last-mile delivery using AI-driven robots, which is seen as a cost-effective and efficient solution for residential deliveries, supported by a contract with Uber Eats [3] - The company has launched its delivery service in major cities including Los Angeles, Miami, Dallas, and Atlanta, with plans to expand to Chicago and aims to have 2,000 robots in service by the end of the year [4] Group 2 - Sales projections for Serve Robotics indicate a surge to $35 million in 2026 and $71 million in 2027, driven by the rollout of their services [5] - The competitive landscape poses challenges for Serve Robotics, as it lacks a dominant market position compared to competitors like Tesla, which may impact future margin growth [5]