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

Rezolve AI Limited (NASDAQ:RZLV) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.40.

Several analysts recently issued reports on the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th. Northland Securities began coverage on shares of Rezolve AI in a report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target for the company. Roth Mkm initiated coverage on Rezolve AI in a research report on Tuesday, December 10th. They set a “buy” rating and a $4.00 price objective on the stock. D. Boral Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Cantor Fitzgerald initiated coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Rezolve AI during the fourth quarter worth $38,000. Wolverine Asset Management LLC acquired a new stake in Rezolve AI during the 4th quarter worth about $51,000. RPO LLC bought a new position in shares of Rezolve AI in the 4th quarter worth about $108,000. Boothbay Fund Management LLC acquired a new position in shares of Rezolve AI in the 4th quarter valued at about $154,000. Finally, Periscope Capital Inc. bought a new stake in shares of Rezolve AI during the 4th quarter valued at about $268,000. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Price Performance

Shares of Rezolve AI stock opened at $2.92 on Friday. Rezolve AI has a 1 year low of $1.57 and a 1 year high of $12.29. The firm’s fifty day simple moving average is $3.03.

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.