Rezolve AI (NASDAQ:RZLV) Earns “Buy” Rating from HC Wainwright

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They presently have a $10.00 target price on the stock. HC Wainwright’s target price indicates a potential upside of 354.55% from the company’s previous close.

RZLV has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Northland Securities upped their price objective on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Roth Capital increased their price objective on Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Maxim Group boosted their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Cantor Fitzgerald upped their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Trading Down 8.3%

Shares of Rezolve AI stock opened at $2.20 on Friday. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $8.45. The company has a 50 day simple moving average of $3.59 and a two-hundred day simple moving average of $3.67.

Institutional Investors Weigh In On Rezolve AI

A number of large investors have recently added to or reduced their stakes in RZLV. Brown Wealth Management LLC bought a new stake in shares of Rezolve AI in the second quarter worth about $615,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Rezolve AI in the 2nd quarter worth approximately $57,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Rezolve AI in the 2nd quarter worth approximately $62,000. Retireful LLC purchased a new position in shares of Rezolve AI during the second quarter valued at approximately $75,000. Finally, ProShare Advisors LLC bought a new position in shares of Rezolve AI during the second quarter valued at approximately $57,000. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Plc 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.