Brokerages Set Rezolve AI Limited (NASDAQ:RZLV) PT at $6.40
Shares of Rezolve AI Limited (NASDAQ: RZLV) have received a positive rating of "Buy" from eight ratings firms, with six analysts rating it as a buy and two as a strong buy. The stock has an average 12-month price target set by analysts. Marketbeat.com has reported on the favorable outlook for the company based on analyst ratings.
Shares of Rezolve AI Limited (NASDAQ:RZLV) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, as reported by Marketbeat.com. Six analysts have rated the stock as a buy, while two have given a strong buy rating to the company. The average 12-month price target among analysts who have issued ratings on the stock in the last year is $6.00.
Analysts' Ratings and Price Targets
A number of equities analysts have recently commented on Rezolve AI:
- Northland Securities started coverage on shares of Rezolve AI in a research report on Wednesday, December 18th, with an “outperform” rating and a $5.00 target price.
- HC Wainwright initiated coverage on Rezolve AI on Tuesday, giving it a “buy” rating and a $4.00 price objective.
- D. Boral Capital reiterated a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a report on Friday, December 20th.
- Roth Mkm restated a “buy” rating and set a $4.00 price target on shares of Rezolve AI on Wednesday, March 19th.
- Cantor Fitzgerald began coverage on Rezolve AI on Thursday, December 5th, with an “overweight” rating and a $5.00 price objective.
Institutional Investors' Positions
A number of hedge funds have recently made changes to their positions in RZLV:
- K2 Principal Fund L.P. purchased a new position in Rezolve AI in the third quarter valued at about $881,000.
- Wolverine Asset Management LLC bought a new position in shares of Rezolve AI in the 4th quarter worth approximately $51,000.
- SBI Securities Co. Ltd. acquired a new position in shares of Rezolve AI in the 4th quarter worth about $38,000.
- Periscope Capital Inc. also bought a new position in shares of Rezolve AI during the 4th quarter, valued at about $268,000.
- WINTON GROUP Ltd purchased a new stake in Rezolve AI during the fourth quarter, valued at about $279,000.
Currently, 27.96% of the stock is owned by hedge funds and other institutional investors.
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. The company develops AI-based mobile commerce and engagement solutions that simplify the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.
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