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

Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) has earned a consensus recommendation of "Buy" from the six research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.50.

A number of equities analysts have recently weighed in on RZLV shares. Northland Securities assumed coverage on Rezolve AI in a research report on Wednesday. They set an "outperform" rating and a $5.00 target price on the stock. Roth Capital upgraded shares of Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They set an "overweight" rating and a $5.00 price objective for the company. Northland Capmk raised Rezolve AI to a "strong-buy" rating in a report on Tuesday. Finally, D. Boral Capital reissued a "buy" rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Friday.

Rezolve AI Price Performance

Rezolve AI stock traded down $0.08 during midday trading on Friday, reaching $2.96. The stock had a trading volume of 12,456,188 shares, compared to its average volume of 3,410,375. The business has a fifty day moving average price of $3.66. Rezolve AI has a 12 month low of $1.57 and a 12 month high of $12.29.

Institutional Trading of Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 131,250 shares of the company's stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent reporting period. 27.96% of the stock is owned by institutional investors and hedge funds.

Rezolve AI Company Profile

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.