11:17 AM EDT, 03/26/2026 (MT Newswires) -- Serve Robotics ( SERV ) expects to generate about $7 million from its acquisition of Diligent Robotics, with about 100 medical robots of Diligent deployed across 25 hospitals, Wedbush said in a note Thursday.

While the cost of Diligent's robots is higher than Serve's food delivery robots, the acquisition provides a foundation for Serve to enter a completely new industry, while improving its software autonomy stack to drive increased utilization, the note said.

In 2026, Serve Robotics' ( SERV ) management is focused on optimizing its cost structure outside of its hardware fixed costs and software overhead costs, by reducing remote supervisors and teleoperators needed, Wedbush said, adding that this remains the biggest limiting factor for the company's gross margins.

Serve Robotics ( SERV ) is making strides with its approach to autonomous last time delivery by starting to tap into more industries and revenue streams, while optimizing its cost structure, Wedbush said.

The firm maintained its outperform rating with a $22 price target.

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