SERV Partners With Wing to Boost Delivery: Should You Buy the Stock?

Zacks10-05

Serve Robotics SERV recently announced a partnership with Wing Aviation LLC, a drone delivery provider, to enhance its autonomous delivery capabilities and expand its market reach.This collaboration ...

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It delivers all packages within a 6-mile area very quickly and also helps merchants adapt drone delivery without any modification to their facilities.Through this partnership, SERV can provide a fast, cost-efficient and eco-friendly service that is safe and convenient for merchants.Will SERV’s Strong Partner Base Boost Prospects?Serve Robotics’ shares have surged 151.6% compared with the Zacks Computer & Technology sector’s growth of 40.7% and its Zacks IT Services industry’s return of 27.8% year to date.Investors are turning bullish about the SERV stock, owing to its strength in robotics. This is reflected in the upward revision of the bottom-line estimate.The Zacks Consensus Estimate for 2024 loss","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","OUST":"Ouster Inc.","BK4585":"ETF&股票定投概念","BK4157":"电子设备和仪器","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4536":"外卖概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4535":"淡马锡持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SHAK":"Shake Shack Inc","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015978.USD":"利安颠覆性创新基金A","UBER":"优步","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4503":"景林资产持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4551":"寇图资本持仓","BK4022":"陆运","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4230":"旅客陆运","BK4505":"高瓴资本持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","SERV":"Serve Robotics Inc.","BK4209":"餐馆","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC"},"translate_title":"SERV与Wing合作提高交付量：您应该购买该股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHAK":1,"OUST":1,"SERV":1,"UBER":0.9},"content_text":"Serve Robotics SERV recently announced a partnership with Wing Aviation LLC, a drone delivery provider, to enhance its autonomous delivery capabilities and expand its market reach.This collaboration enables autonomous delivery that delivers millions of small packages daily around the world. It delivers all packages within a 6-mile area very quickly and also helps merchants adapt drone delivery without any modification to their facilities.Through this partnership, SERV can provide a fast, cost-efficient and eco-friendly service that is safe and convenient for merchants.\nWill SERV’s Strong Partner Base Boost Prospects?\nServe Robotics’ shares have surged 151.6% compared with the Zacks Computer & Technology sector’s growth of 40.7% and its Zacks IT Services industry’s return of 27.8% year to date.\n\nServe Robotics Inc. Price and Consensus\n  \nServe Robotics Inc. price-consensus-chart | Serve Robotics Inc. Quote\n\nServe Robotics is gaining from its expanding robotics offerings and strong partner base, which improve its market position by giving strong competition to its peers, such as Kiwibot, Starship Technologies and Coco.In the second quarter of 2024, SERV generated revenues of $0.47 million, significantly better than the $0.06 million reported in the year-ago quarter. It reported an 80% jump in delivery and branding revenues. During this period, Serve Robotics provided an average of 385 daily supply hours, indicating a 106% increase year over year. SERV’s long-term prospects ride on growing demand for last-mile delivery of food and other items on partner platforms that include Uber Eats and 7-Eleven. The company, which was spun off from Uber Technologies UBER in 2021, counts NVIDIA, Uber, 7-Ventures and Delivery Hero’s corporate venture units as its strategic investors.The company’s international expansion has also gained strong momentum driven by its partnerships with players like Shake Shack SHAK, Ouster OUST and Magna.In June 2024, SERV expanded its delivery operations in Koreatown with the help of its partner, Uber Eats. Its latest partnership with SHAK expands SERV’s footprint in Los Angeles. SERV’s collaboration with Ouster is noteworthy. Serve Robotics’ robots with Ouster os1 sensor can generate a real-time 3D map of their surrounding environment, which helps them work more efficiently and accurately.SERV reported an 85% rise in daily active robots year over year. SERV also planned to implement 2,000 robots under the Uber Eats agreement within 2025, which is expected to generate $60-$80 million in run-rate revenues annually.\nSERV’s Earnings Estimates Reflect Upward Trend\nInvestors are turning bullish about the SERV stock, owing to its strength in robotics. This is reflected in the upward revision of the bottom-line estimate.The Zacks Consensus Estimate for 2024 loss is pegged at 85 cents per share, which has narrowed down by a penny over the past 60 days.\nWhat Investors Should Do With SERV Stock\nSERV shares are currently trading at a discount to the industry average, making the stock more attractive on the valuation front.The forward 12-month Price/Book ratio for SERV stands at 10.23, significantly below the Zacks IT services market at 22.33.SERV’s innovative robotics offerings and expanding partner base indicate top-line growth in the long run. The stock’s attractive valuation makes it worth investing in right now.Serve Robotics currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nServe Robotics Inc. (SERV) : Free Stock Analysis Report\nShake Shack, Inc. (SHAK) : Free Stock Analysis Report\nUber Technologies, Inc. (UBER) : Free Stock Analysis Report\nOuster, Inc. (OUST) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473960081"}