Serve Robotics is a company that has attracted Wall Street attention due to its expansion in the increasingly hot field of “physical AI” investing. Saab Robotics, the autonomous sidewalk delivery robot maker that spun off from Uber in 2021, maintains a close partnership with Nvidia after the chipmaker sold its stake in the company last year. Nvidia CEO Jensen Huang highlighted the company’s food delivery robots during his keynote speech at the CES 2026 show on Monday, pointing to an image of a Serve Robotics robot and saying, “I love them.” Following Hwang’s comments, Northland Capital Markets analyst Michael Lattimore reiterated his outperform rating on Saab Robotics on Tuesday. He added that this was the “only delivery robot” announced during Huang’s talk and would remain one of the company’s top stocks for 2026. “Through physical AI, virtual drivers operate delivery robots in public spaces, generating tremendous ROI. We believe SERV is one of the best investments in physical AI, with myriad catalysts for 2026,” Lattimore said in a Jan. 1 note to clients when he named the stock a top stock for the first time. choose. Lattimore’s $26 price target suggests 98.5% upside potential. Serve Robotics’ stock is up 25% since the beginning of this year, but its history has been volatile, in part due to the company’s on-and-off history with NVIDIA. The stock has more than tripled since going public in April 2024, but over the past year, the stock has slumped, dropping 28%. Shares plunged more than 39% on February 14 after Nvidia revealed in a regulatory filing that it was fully exiting its position in the company by the fourth quarter of 2024. However, on July 19, 2024, Serve Robotics soared approximately 187% after NVIDIA announced that it acquired 3.7 million shares, which at the time represented a 10% stake in the company. SERV 1Y Mountain Serve Robotics stock price performance over the past year. Lattimore and other analysts are bullish on the growth potential of Saab Robotics Inc.’s sidewalk delivery robots, which have expanded to major U.S. cities in the past few months thanks to the company’s partnerships with delivery platforms Uber Eats and DoorDash. In December, the company announced it had successfully deployed more than 2,000 autonomous delivery robots, achieving its goals for the year on budget and creating the largest curbside delivery fleet in the United States. Oppenheimer analyst Colin Rush began reporting on Saab Robotics on December 18th, with a higher rating and a $20 price target, noting the growth in the company’s target market. He believes fiscal year 2026 will be critical to Saab Robotics’ regional revenue growth. Accelerate footprint and AI development. “We consider Serve Robotics to be a pioneer in physical AI targeting last-mile delivery as its first application,” Rusch wrote in mid-December. “As robot adoption accelerates, branding collaborations expand, and autonomy applications are gradually enabled with the company’s technology, we expect Serve to enjoy both top-line growth and a positive shift in margins.” Rush noted that the company could also leverage the data it collects daily from its robots, which could lead to a “compounded AI approach” to improve route optimization, hardware design, and safety performance. Saab Robotics started last month with a Buy rating from Freedom Capital Markets analyst Dmitry Pozdnyakov. Pozdnyakov, who has a $16 price target on the robot stock, is bullish on the company’s ultimate profitability and continued growth given its aggressive fleet expansion and partnerships with two of the largest players in the U.S. food delivery market. Correction: A previous version incorrectly stated the company’s performance since going public.
