Why Serve Robotics Stock Skyrocketed Higher This Week
Shares of robotic delivery upstart Serve Robotics (NASDAQ: SERV) have spiked 33% this week as of 2:00 p.m. ET on Thursday following numerous news items. Intent on leading the robot revolution (at least the AI-powered kind that brings food and groceries to your door), Serve Robotics has been receiving a lot of attention from Wall Street recently.
On Friday last week, Serve Robotics' stock received a significant price target hike to $26 per share from Northland Securities. Even after the stock's incredible run over the last week, this price target still suggests a 66% upside over the next year. This followed three other strong buy or outperform ratings from other analysts in December.
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Source Fool.com
