Serve Robotics price target lowered to $16 from $17 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard lowered the firm’s price target on Serve Robotics (SERV) to $16 from $17 and keeps an Overweight rating on the shares. Serve Robotics reported strong robot deployment with over 1,000 units in Q4 and roughly 2,000 for FY25, driving daily active robots and operating hours sharply higher versus Q3, the analyst tells investors in a research note. The recent acquisition of Diligent Robotics is expected to contribute about $7M in FY26 revenue and may enable AI cross-training between delivery and hospital robots, while partnerships with Uber Eats (UBER), DoorDash (DASH), and Nvidia (NVDA) support scale, expansion, and TAM growth, the firm says.