Serve Robotics (SERV) Surges 5.97% on Bullish Oppenheimer Note

Serve Robotics (NASDAQ: SERV) surged 5.9686% in pre-market trading on December 19, 2025, driven by a bullish research note from Oppenheimer analyst Colin Rusch. Rusch initiated coverage with an "Outperform" rating and a $20 price target, nearly double the stock’s recent closing price. He highlighted the company’s leadership in physical AI and scalable last-mile delivery technology.

The stock’s rally coincided with Serve Robotics’ announcement that it has deployed over 2,000 autonomous delivery robots across key U.S. cities, including Los Angeles and Dallas-Fort Worth. The expansion, achieved ahead of schedule, underscores growing demand for low-emission logistics solutions and partnerships with platforms like Uber Eats and DoorDash.

While the optimism centers on the company’s urban navigation capabilities and potential to leverage cityscape data for cost efficiency, investors should note that Serve Robotics remains unprofitable, with significant net losses and thin revenue. Analysts caution that the stock remains speculative, suitable for those with a high-risk tolerance despite its innovative positioning in the autonomous delivery sector.

Investors tracking Serve Robotics’ performance will be watching whether the recent pre-market gains can translate into sustained momentum. The stock’s volatility is typical for a company operating in a high-growth, unprofitable sector. The current market environment, with rising interest rates and cautious capital allocation, adds a layer of complexity to any long-term investment thesis.

As the autonomous delivery industry continues to evolve, Serve Robotics’ ability to scale its technology while improving financial performance will be the key metrics for the coming year. For now, the company’s strategic momentum appears to be catching the attention of investors willing to bet on the future of AI-driven logistics.