Rezolve AI’s (RZLV) “Buy” Rating Reaffirmed at Roth Mkm

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a report issued on Wednesday,Benzinga reports. They presently have a $4.00 price objective on the stock. Roth Mkm’s price objective indicates a potential upside of 163.16% from the company’s current price.

A number of other analysts have also commented on the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Maxim Group initiated coverage on Rezolve AI in a research report on Thursday, January 16th. They issued a “buy” rating and a $10.00 target price for the company. Cantor Fitzgerald initiated coverage on Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 target price for the company. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Northland Securities initiated coverage on Rezolve AI in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 target price for the company. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Rezolve AI presently has a consensus rating of “Buy” and an average price target of $6.40.

Rezolve AI Price Performance

RZLV stock opened at $1.52 on Wednesday. The stock has a 50-day simple moving average of $2.37. Rezolve AI has a 1-year low of $1.27 and a 1-year high of $12.29.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds have recently added to or reduced their stakes in RZLV. Polar Asset Management Partners Inc. acquired a new position in Rezolve AI during the 4th quarter valued at about $4,149,000. Jane Street Group LLC acquired a new position in Rezolve AI during the 4th quarter valued at about $1,650,000. Blue Owl Capital Holdings LP acquired a new position in Rezolve AI during the 4th quarter valued at about $670,000. K2 Principal Fund L.P. purchased a new position in shares of Rezolve AI in the 3rd quarter worth approximately $881,000. Finally, Geode Capital Management LLC purchased a new position in shares of Rezolve AI in the 4th quarter worth approximately $393,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.