Rezolve AI Limited (NASDAQ:RZLV) Receives $5.50 Average Price Target from Brokerages

Rezolve AI Limited (NASDAQ:RZLV) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Five 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 objective among brokers that have updated their coverage on the stock in the last year is $6.40.

A number of equities analysts recently weighed in on RZLV shares. Maxim Group started coverage on Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective on the stock. Northland Securities began coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price target on the stock. Northland Capmk upgraded shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th. Finally, Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th.

Rezolve AI Trading Down 5.6 %

NASDAQ RZLV opened at $2.84 on Tuesday. The company’s 50-day moving average price is $2.91. Rezolve AI has a twelve month low of $1.57 and a twelve month high of $12.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned 0.08% of Rezolve AI as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 27.96% of the company’s stock.

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.