Seaport Global Securities has issued an optimistic report on...
Seaport Global Securities has released an optimistic report on Serve Robotics (NASDAQ: SERV), a company specializing in sidewalk delivery robots. The company has given a buy rating and set a target price of $12.00.
Seaport Global's recommendation is based on several key factors that bode well for Serve Robotics' bright prospects. The company estimates that the total addressable market (TAM) for sidewalk robots in the USA ranges from $7 billion to $10.5 billion.
SERV has shown significant returns in the past week, with a total price return of 10.31% over the last seven days. This short-term momentum is even more pronounced over a longer period, with a staggering total price return of 260.91% in the past three months. These numbers align with Seaport Global's bullish position, indicating a growing confidence in Serve Robotics' potential in the market.
However, it is worth noting that SERV is currently not profitable, with a gross margin of -8.53% in the past twelve months. This aligns with the company's current growth stage and significant investments in technology and expansion.
#Investing in US stocks can lead to wealth
Seaport Global's recommendation is based on several key factors that bode well for Serve Robotics' bright prospects. The company estimates that the total addressable market (TAM) for sidewalk robots in the USA ranges from $7 billion to $10.5 billion.
SERV has shown significant returns in the past week, with a total price return of 10.31% over the last seven days. This short-term momentum is even more pronounced over a longer period, with a staggering total price return of 260.91% in the past three months. These numbers align with Seaport Global's bullish position, indicating a growing confidence in Serve Robotics' potential in the market.
However, it is worth noting that SERV is currently not profitable, with a gross margin of -8.53% in the past twelve months. This aligns with the company's current growth stage and significant investments in technology and expansion.
#Investing in US stocks can lead to wealth
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