Rezolve AI Limited (NASDAQ:RZLV) Receives $6.40 Consensus PT from Analysts

Rezolve AI Limited (NASDAQ:RZLV) has been given a consensus rating of “Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.40.

Several equities analysts have commented on RZLV shares. Northland Securities started coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Maxim Group assumed coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They issued a “buy” rating and a $10.00 price objective for the company. Cantor Fitzgerald assumed coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price objective on the stock. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, D. Boral Capital restated a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a research note on Friday, December 20th.

Rezolve AI Stock Up 6.7 %

NASDAQ:RZLV opened at $3.35 on Friday. Rezolve AI has a 1 year low of $1.57 and a 1 year high of $12.29. The business’s 50-day simple moving average is $2.96.

Institutional Trading of Rezolve AI

A number of hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the 4th quarter worth $38,000. Wolverine Asset Management LLC purchased a new position in Rezolve AI in the fourth quarter worth $51,000. Periscope Capital Inc. acquired a new stake in Rezolve AI in the fourth quarter valued at $268,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI during the 3rd quarter worth $881,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Rezolve AI Company Profile

Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.