Analysts Set Rezolve AI Limited (NASDAQ:RZLV) Target Price at $6.40

Shares of Rezolve AI Limited (NASDAQ:RZLV) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Five investment 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 brokerages that have covered the stock in the last year is $6.40.

RZLV has been the subject of a number of research analyst reports. Cantor Fitzgerald began coverage on Rezolve AI in a report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target for the company. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. 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. Finally, Roth Mkm began coverage on shares of Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective for the company.

Hedge Funds Weigh In On Rezolve AI

Institutional investors have recently bought and sold shares of the company. K2 Principal Fund L.P. purchased a new position in Rezolve AI in the 3rd quarter valued at approximately $881,000. Geode Capital Management LLC purchased a new position in shares of Rezolve AI in the fourth quarter valued at $393,000. Highbridge Capital Management LLC bought a new stake in shares of Rezolve AI during the 4th quarter valued at $286,000. WINTON GROUP Ltd purchased a new stake in Rezolve AI during the 4th quarter worth about $279,000. Finally, Periscope Capital Inc. purchased a new stake in Rezolve AI during the 4th quarter worth about $268,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Price Performance

Shares of RZLV opened at $2.92 on Friday. The company’s 50 day moving average price is $2.99. Rezolve AI has a one year low of $1.57 and a one year high of $12.29.

About Rezolve AI

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.