Serve Robotics price target raised to $23 from $16 at Northland

Northland analyst Michael Latimore raised the firm’s price target on Serve Robotics (SERV) to $23 from $16 and keeps an Outperform rating on the shares. After recent financings, the firm estimates Serve Robotics is “now fully funded for multiple years of growth” and it cites more visibility into its multi-year growth forecast for its increased price target