11:25 AM EST, 11/13/2025 (MT Newswires) -- Serve Robotics ( SERV ) is positioning itself to create multiple revenue streams for steady top-line growth while leveraging demand for autonomous last-mile delivery driven by consumer expectations for fast delivery at lower costs, Wedbush said in a Thursday research report.

The company's robot fleet is capable of catering to delivery platforms including DoorDash ( DASH ) and Uber (UBER) Eats, and is expected to ramp utilization rates and expand its reach in the last-mile delivery market, the analysts said.

Serve Robotics ( SERV ) posted in-line Q3 revenue due to a ramp in delivery volumes as markets in Los Angeles, Miami, Dallas, and Atlanta are scaling fast. The company offered positive updates to its near- and long-term roadmap as it builds the foundation for expansion across US cities in the coming years, according to the note.

Wedbush reiterated its outperform rating on the stock with a price target of $22 per share.

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