Seaport Research analyst Aaron Kessler downgraded Serve Robotics (SERV) to Neutral from Buy without a price target following the Q2 report. The firm reduced revenue and EBITDA estimates on expectations the company’s revenue growth will be more back end weighted in 2026. Serve’s expenses are also ramping more in the near-term, the analyst tells investors in a research note. Seaport thinks the shares will be range-bound pending significant improvements in key revenue drivers.
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Read More on SERV:
- Hold Rating on Serve Robotics Inc: Balancing Near-Term Challenges with Long-Term Growth Potential
- Serve Robotics reports Q2 EPS (36c), consensus (17c)
- Serve Robotics sees Q3 revenue $600,000-$700,000, consensus $1.82M
- Serve Robotics Reports Strong Q2 Growth and Expansion
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