Shares of Serve Robotics (SERV) are up $1.72, or 14%, to $13.70 in late morning trading, which traders attribute to a bullish report published on Seeking Alpha by HedgeMix, a contributor with 1,340 followers on the platform. In the report, the writer contends: “Current market cap is $560 million, so the market is already taking into account the 2,000 robots that will be deployed by end of 2025. We can see here from the above table that when Serve Robotics reaches 20,000 in deployed robots their market cap could reach 3.9 billion, and when it reaches the next milestone of 50,000 autonomous robots deployed, its market cap could go beyond $9.7 billion. That equals a share price of $220 compared to today’s share price of $12.60.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SERV:
- Serve Robotics Inc Strengthens Board with Lily Sarafan
- Serve Robotics Inc call volume above normal and directionally bullish
- Bonitas Research short Serve Robotics, sees stock ‘going significantly lower’
- Serve Robotics down 2% after Bonitas short report
- Serve Robotics short report published by Bonitas Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
