1. Serve Robotics Inc. (NASDAQ:SERV)
Number of Hedge Fund Holders: 14
Upside Potential: 305.60%
With significant hedge fund interest and strong upside, Serve Robotics Inc. (NASDAQ:SERV) is one of the most promising robotics stocks.
Serve Robotics Inc. (NASDAQ:SERV)’s sidewalk robots have spent years proving themselves on food delivery runs, and now the company is putting that same fleet to work in an entirely new category.
On June 2, 2026, Serve Robotics Inc. (NASDAQ:SERV) announced a commercial pilot partnership with NoScrubs, an on-demand laundry service operating across seven major U.S. metros. The pilot, launching this week in select Los Angeles neighborhoods, will use Serve’s existing fleet of autonomous sidewalk robots to handle NoScrubs laundry deliveries. The company noted that laundry pickups and returns typically fall outside food delivery’s mealtime peaks, meaning the partnership helps fill underutilized hours for robots already on the road. Serve operates approximately 2,000 robots nationwide, including 500 in Los Angeles, and views laundry as an early step into additional verticals, including dry cleaning, retail, pharmacy, and grocery.
That expansion builds on a strong first quarter. Serve Robotics Inc. (NASDAQ:SERV) reported Q1 2026 revenue of $3.0 million on May 7, 2026, up 238% sequentially and 578% year-over-year, with software services accounting for roughly one-third of the mix. The company reaffirmed its full-year 2026 revenue guidance of approximately $26 million and maintained a liquidity position of $197.4 million as of March 31, 2026.
Meanwhile, analyst views remain split. In mid-May, Freedom Broker downgraded Serve Robotics Inc. (NASDAQ:SERV) to “Hold” from “Buy,” keeping its price target at $18, citing heightened dilution and execution risk, while Ladenburg’s Jeffrey Cohen raised the firm’s price target to $16.60 from $15 and maintained a “Buy” rating following Q1 results. Earlier, Wedbush Securities maintained an “Outperform” rating with a $22 price target, calling Serve’s 2026 capex guidance of $25 million, well below expectations, a “major positive,” and noting the company entered 2026 well-positioned for autonomous deployments across multiple revenue streams, as demonstrated by its recent partnership expansion into laundry delivery.
Serve Robotics Inc. (NASDAQ:SERV) is a maker of AI-powered low-emission robotic carriers that help in sidewalk food delivery in public places. Their self-driving delivery robots make the delivery process highly economical and efficient for consumer convenience.
While we acknowledge the potential of SERV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SERV and that has 100x upside potential, check out our report about the cheapest AI stock.
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