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Serve Robotics initiated with a Buy at Guggenheim

Guggenheim initiated coverage of Serve Robotics (SERV) with a Buy rating and $13 price target Serve is the only public, pure-play U.S. autonomous robotic delivery company today and maintains the largest robot fleet, says the analyst, who views Serve as well positioned to benefit from secular tailwinds. The firm forecasts Serve total revenue to grow to $1.1B by 2035 from $2.7M in 2025, the analyst added.

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