Rezolve AI Limited (NASDAQ:RZLV) Receives $5.50 Consensus Price Target from Analysts

Shares of Rezolve AI Limited (NASDAQ:RZLV) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.50.

A number of research analysts have issued reports on the company. Northland Securities started coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Roth Capital raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm began coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price target on the stock. Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Finally, Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th.

Rezolve AI Price Performance

Shares of RZLV stock opened at $3.56 on Friday. Rezolve AI has a 12-month low of $1.57 and a 12-month high of $12.29. The company has a fifty day moving average price of $3.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI at the end of the most recent reporting period. 27.96% of the stock is owned by hedge funds and other institutional investors.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.