Serve Robotics Inc. (NASDAQ:SERV) is one of the best pure-play robotics stocks to buy now.
Serve Robotics Inc. (NASDAQ:SERV) is among the best pure-play robotics stocks to buy now. While Serve is a relatively small company with a market cap of nearly $710 million, it is a pure-play in robotics, with a core business in autonomous delivery robots. With over 2,000 Serve robots deployed across 20 U.S. cities, the company boasts the largest autonomous fleet in the U.S. and thus rightly calls itself an industry leader in Physical AI.
In a March 17 report, Cantor Fitzgerald analyst Andres Sheppard reiterated his confidence in Serve Robotics with an Overweight rating, while lowering his price target to $16 from $17. The analyst was impressed with the solid quarter-over-quarter increase in daily active robots and operating hours in Q4. This was supported by the company’s deployment of over 1,000 robots in Q4, bringing the FY 2025 total to 2,000.
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Among other positive factors, Sheppard also cited the acquisition of Diligent Robotics, whose Moxi robots are expected to generate $7 million in revenue in 2026. These robots expanded Serve’s exposure to hospital automation, and the analyst expects this mix to increase cross-training. Moxi currently has around 100 units deployed across over 25 hospitals. Sheppard also estimates an expansion in scale and total addressable market (TAM) through the company’s partnerships with Uber Eats, DoorDash, and Nvidia.
Serve Robotics Inc. (NASDAQ:SERV) has a strong runway ahead as the company envisages a $450 billion robotic & drone delivery opportunity by 2030. It is also targeting to bring delivery costs below $1 through its services, down from $8-$10 per delivery for human couriers.
Serve Robotics Inc. (NASDAQ:SERV) is a leading autonomous robotics company that develops and operates an advanced, AI-powered, low-emissions sidewalk delivery robot fleet across 20 U.S. cities. The company was spun off from Uber in 2021 as an independent company.
While we acknowledge the risk and potential of SERV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SERV and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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