Serve Robotics (SERV) Reveals Latest Collaboration with NoScrubs

With close to 170% upside potential, as per the consensus projections, Serve Robotics Inc. (NASDAQ:SERV) makes it to our list as one of the 15 most promising small-cap industrial stocks under $10.

On June 2, the announcement of a new collaboration between Serve Robotics Inc. (NASDAQ:SERV) and NoScrubs represented Serve’s first-ever commercial urban delivery collaboration outside of cooked meals. Debuting this week in a few Los Angeles neighborhoods, the pilot will deliver NoScrubs laundry service orders straight to consumers’ doorsteps using Serve’s current fleet of automated sidewalk robots.

Photo by Jon Tyson on Unsplash

Serve’s last-mile delivery opportunity is expanded into a new category of recurrent local commerce through the commercial trial. NoScrubs serves in seven major metropolitan areas in the United States.

Back on May 13, with an unaltered price target of $18, Freedom Broker downgraded Serve Robotics Inc. (NASDAQ:SERV) from Buy to Hold. Despite the rating downgrade, the price target results in more than 158% upside potential at the current level.

Freedom Broker attributed the downgrade to the company’s increased dilution and execution risks. The firm informs investors that Serve’s first quarter report demonstrated operational growth but financial strain.

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 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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