Key Takeaways
- Serve Robotics is expanding its delivery robots beyond sidewalks and into new markets, including hospitals and indoor environments.
- The company has acquired Diligent Robotics, a provider of AI-powered robot assistants for the healthcare industry.
- Serve Robotics has a positive consensus rating from analysts, with one analyst calling it a top pick for 2026 with a $26 per share price target.
- The global humanoid robot market is projected to grow from $2.92 billion in 2025 to $15.26 billion by 2030, with a compound annual growth rate of 39.2%.
- Serve Robotics’ shares may be undervalued, making it a potential investment opportunity.
Introduction to Serve Robotics
Serve Robotics is a company that is leading the way in the development and deployment of delivery robots. With over 2,000 robots already deployed, the company is rapidly growing into new markets, including Los Angeles, Atlanta, Dallas-Fort Worth, Miami, Fort Lauderdale, Chicago, and Alexandria, Virginia. As the company’s CEO notes, "Our goal is to transform last-mile delivery by deploying sidewalk-navigating robots that help lower delivery costs and reduce emissions compared to conventional delivery methods." Serve Robotics originated as a spinoff of Uber Technologies’ robotics division, Postmates X, following Uber’s 2020 purchase of Postmates.
Expansion Beyond Sidewalk Delivery
Serve Robotics is not just limited to sidewalk delivery robots. The company is moving beyond this space and exploring new areas, including hospitals and indoor environments. This expansion is made possible through the company’s recent acquisition of Diligent Robotics, a provider of AI-powered robot assistants for the healthcare industry. As Michael Latimore, an analyst at Northland Capital Market, notes, "Serve Robotics is a top pick for 2026, with a $26 per share price target." This acquisition marks Serve’s initial expansion of its autonomy platform into indoor environments, and it has the potential to be a game-changer for the company.
The Acquisition of Diligent Robotics
The acquisition of Diligent Robotics is a significant move for Serve Robotics. Diligent’s robot, Moxi, is an autonomous hospital-delivery robot that supports nurses and hospital staff. Moxi is deployed in more than 25 hospital facilities across the U.S. and utilizes Nvidia’s Jetson embedded robotics platform. As the report from MarketsAndMarkets states, "The global humanoid robot market is projected to grow from $2.92 billion in 2025 to $15.26 billion by 2030, registering a CAGR of 39.2%." This growth is being propelled by the rising adoption of humanoid robots in personal assistance, caregiving, and healthcare applications.
Analyst Expectations
While Serve Robotics is only covered by a handful of analysts, the company has a positive consensus rating from this group. Michael Latimore, an analyst at Northland Capital Market, calls Serve Robotics a top pick for 2026, with a $26 per share price target. This implies nearly a double from recent levels. As Latimore notes, "Serve Robotics has a strong potential for growth, and its acquisition of Diligent Robotics only adds to its potential." The company’s shares may be undervalued, making it a potential investment opportunity for those looking to get in on the ground floor of a growing industry.
Market Potential
The market potential for Serve Robotics is significant. The company is operating in a space that is growing rapidly, with the global humanoid robot market projected to grow from $2.92 billion in 2025 to $15.26 billion by 2030. As the report from MarketsAndMarkets notes, "Growth is being propelled by rising adoption of humanoid robots in personal assistance, caregiving, and healthcare applications, alongside increasing deployment in manufacturing, retail, and logistics for workforce augmentation." With its acquisition of Diligent Robotics, Serve Robotics is well-positioned to take advantage of this growth and become a leader in the industry.
Conclusion
In conclusion, Serve Robotics is a company that is leading the way in the development and deployment of delivery robots. With its recent acquisition of Diligent Robotics, the company is expanding its reach into new markets, including hospitals and indoor environments. The company has a positive consensus rating from analysts, and its shares may be undervalued, making it a potential investment opportunity. As the market for humanoid robots continues to grow, Serve Robotics is well-positioned to take advantage of this growth and become a leader in the industry. As Howard Smith notes, "Investors may be underestimating Serve Robotics’ potential, and it may be a good time to at least attain a small position in this robotics stock."
https://www.fool.com/investing/2026/01/24/ai-stock-wall-street-underestimate-serve-robotics/
