--- title: "What's Going On With Serve Robotics Stock Monday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296130298.md" description: "Serve Robotics (SERV) stock dipped slightly on Monday amid broader market pressure, despite announcing new expansion initiatives. The company partnered with Grubhub for autonomous robot delivery in Chicago, Los Angeles, and Alexandria, while its subsidiary Diligent Robotics began rolling out the upgraded Moxi 2.0 hospital robot across the U.S. These moves aim to lower costs and accelerate growth following weaker-than-expected Q2 earnings and a lowered outlook. Additionally, Uber sold its remaining stake in Serve due to partnership differences. Technically, the stock remains in a downtrend but shows early momentum improvement near key support at $4.50." datetime: "2026-08-17T16:20:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296130298.md) - [en](https://longbridge.com/en/news/296130298.md) - [zh-HK](https://longbridge.com/zh-HK/news/296130298.md) generator: "portal-rs" --- # What's Going On With Serve Robotics Stock Monday? **Serve Robotics Inc.** (NASDAQ:SERV) stock traded lower by almost 1% on Monday as Consumer Discretionary stocks remained under pressure. The Nasdaq gained 0.25%, while the S&P 500 fell 0.14%. The move comes less than two weeks after Serve reported weaker-than-expected second-quarter results on Aug. 6 and sharply lowered its full-year outlook. However, the company announced two expansion initiatives on Monday that could broaden its autonomous robotics business. The pressure intensified days later after longtime partner **Uber Technologies Inc.** (NYSE:UBER) disclosed that it had sold its remaining stake in Serve, as the companies face differences over their autonomous delivery partnership and Serve grapples with weaker-than-expected Uber Eats delivery volumes. **Read Also: Uber Sells Serve Robotics Stake, Catches Company Off Guard: ‘Differing Views’ Sour Partnership** ## Grubhub Deal Expands Robot Delivery Serve announced a partnership with **Grubhub**, a Wonder subsidiary, to launch autonomous robot delivery in Chicago, Los Angeles and Alexandria. The service will cover more than 100 participating Grubhub merchants in Chicago and nearly 200 in Los Angeles. Wonder’s Alexandria location will also use Serve’s autonomous delivery network. Serve also plans to open its first Miami micro-depots. The facilities will support robot staging, charging, dispatch and maintenance. The company expects the model to help it expand faster while lowering costs. ## Moxi 2.0 Begins U.S. Hospital Rollout Separately, Diligent Robotics, a Serve company, has begun rolling out Moxi 2.0 to health system customers across the U.S.  The upgraded hospital robot offers 10 times more onboard computing power and 10 to 15 times faster perception. It also provides 30% faster charging. Moxi 2.0 includes upgraded sensors and storage and can operate for up to 18 hours per day. It also uses Diligent’s robotic World Model, which draws on fleet data to improve navigation and task execution over time. ## Lingering Earnings Pressure Monday’s announcements provide fresh growth catalysts. However, Serve continues to face pressure following its Aug. 6 earnings report and guidance cut. The broader market also remains challenging for higher-volatility stocks. Consumer Discretionary fell 0.92%, while seven of 11 sectors traded lower. The market’s advance-decline ratio stood at 0.6. The Dow fell 0.35%, while the Russell 2000 declined 0.33%. That weakness suggests investors remain cautious toward smaller companies despite gains in the tech-heavy Nasdaq. ## Technical Analysis Serve remains in a longer-term downtrend. The stock trades below all its major moving averages. Shares are about 1.4% below the 20-day simple moving average of $5.07. They are also roughly 45.5% below the 200-day SMA of $9.16. The 20-day SMA remains below the 50-day SMA. In addition, the 50-day SMA crossed below the 200-day SMA in February, forming a death cross. However, momentum shows early signs of improvement. The MACD is above its signal line, while the histogram is positive. That suggests selling pressure may be easing. Still, Serve needs sustained buying to confirm a broader trend reversal. **Key Support:** The $4.50 level could provide nearby support. It also sits close to the stock’s 52-week low of $4.32. ## Analyst Outlook The stock carries a Buy consensus rating with an average price forecast of $10.92. Forecasts range from $7 to $16.60 across seven analysts. **Freedom Broker** upgraded Serve to Buy on Aug. 14 while lowering its price forecast to $8. **Guggenheim** maintained a Buy rating and lowered its forecast to $7 on Aug. 10. **Oppenheimer** maintained an Outperform rating and lowered its forecast to $7 on Aug. 7. ## Benzinga Edge Rankings Serve has a Momentum score of 2.07 on the Benzinga Edge scorecard. The weak score reflects the stock’s bearish trend and its position below major moving averages. For traders, the key question is whether Serve can hold support near $4.50 while its short-term momentum improves. ## Price Action **SERV Stock Price Activity:** Serve Robotics shares were down 0.63% at $4.96 at the time of publication Monday, according to Benzinga Pro data. *Image via Shutterstock* ### Related Stocks - [SERV.US](https://longbridge.com/en/quote/SERV.US.md) - [UBER.US](https://longbridge.com/en/quote/UBER.US.md) - [OPY.US](https://longbridge.com/en/quote/OPY.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [IWM.US](https://longbridge.com/en/quote/IWM.US.md) ## Related News & Research - [Serve Robotics Launches Robot Delivery With Wonder, Adding Grubhub To Its Delivery Network](https://longbridge.com/en/news/296105557.md) - [Serve cuts 2026 guidance to $9 million and lines up Grubhub to keep 2,000 robots busy](https://longbridge.com/en/news/296150891.md) - [His robotics company IPO'd this week. 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