Shares of Serve Robotics Inc. (SERV) surged 24.66% on Tuesday, driven by a bullish report that set a lofty long-term price target for the robotics company.
The stock rally came after a research firm published a report with a $220 price target for SERV, reflecting significant upside from its current trading levels. According to traders, the bullish report fueled optimism about Serve Robotics' growth prospects, leading to a surge in buying interest.
Serve Robotics, a leading player in the robotics and automation industry, has been gaining traction with its innovative solutions. The company's strong product pipeline and potential for expansion in emerging markets likely contributed to the analyst's bullish outlook.
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