Rezolve AI PLC (NASDAQ:RZLV) Receives $9.00 Consensus Target Price from Brokerages

Rezolve AI PLC (NASDAQ:RZLV) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.00.

RZLV has been the topic of several analyst reports. Roth Capital increased their target price on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Northland Securities increased their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Maxim Group boosted their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Rezolve AI in a research note on Tuesday, December 2nd.

Rezolve AI Trading Down 4.8%

Shares of Rezolve AI stock opened at $2.79 on Friday. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $8.45. The business’s 50 day simple moving average is $4.19 and its 200-day simple moving average is $3.66.

Institutional Trading of Rezolve AI

Several hedge funds have recently added to or reduced their stakes in RZLV. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI during the third quarter valued at $120,880,000. Geode Capital Management LLC grew its position in Rezolve AI by 1,100.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after buying an additional 1,132,569 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Rezolve AI by 13,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock valued at $5,252,000 after buying an additional 1,046,852 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Rezolve AI during the 3rd quarter valued at about $2,490,000. Finally, XTX Topco Ltd bought a new stake in shares of Rezolve AI during the 3rd quarter worth about $1,781,000. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

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.