Is This Robotics Stock a Potential 10-Bagger?
Serve Robotics (NASDAQ: SERV) develops last-mile logistics solutions. It believes robots and drones are perfect for delivering food, retail goods, and other small commercial loads, because they are far more efficient and less expensive than current human-driven solutions.
Thousands of Serve's latest Gen 3 robots are already making deliveries through platforms like Eats and DoorDash, and the company's revenue is soaring. Management's guidance suggests the company's best financial results are still ahead, which could be great news for shareholders.
Serve stock is down 51% this year, and it's still trading at a sky-high valuation based on the company's trailing revenue. However, with rapid sales growth potentially ahead and a market capitalization of just $450 million, could Serve be a 10-bagger over the long term?
Source Fool.com
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