Rezolve AI Limited (NASDAQ:RZLV) Receives $6.40 Average Target Price from Analysts

Shares of Rezolve AI Limited (NASDAQ:RZLV) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.40.

RZLV has been the subject of several research reports. Maxim Group initiated coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective for the company. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Northland Securities started coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective for the company. D. Boral Capital restated a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Finally, Roth Mkm started coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price on the stock.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors have recently modified their holdings of RZLV. SBI Securities Co. Ltd. bought a new position in Rezolve AI in the 4th quarter worth about $38,000. Wolverine Asset Management LLC bought a new position in shares of Rezolve AI in the fourth quarter valued at approximately $51,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI in the fourth quarter valued at approximately $88,000. RPO LLC bought a new position in shares of Rezolve AI in the fourth quarter valued at approximately $108,000. Finally, Two Sigma Investments LP acquired a new stake in Rezolve AI during the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Price Performance

RZLV stock opened at $1.45 on Wednesday. Rezolve AI has a one year low of $1.28 and a one year high of $12.29. The stock has a 50 day moving average price of $2.77.

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.