Serve Robotics strength attributed to bullish report with $220 long-term target

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.”