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

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research note issued on Tuesday,Benzinga reports. They currently have a $10.00 price target on the stock. HC Wainwright’s target price points to a potential upside of 283.14% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Northland Securities lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Roth Capital raised their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Maxim Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Trading Up 2.8%

Shares of NASDAQ:RZLV opened at $2.61 on Tuesday. The business’s fifty day moving average price is $4.33 and its two-hundred day moving average price is $3.64. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $8.45.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors have recently modified their holdings of RZLV. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI during the third quarter worth approximately $120,880,000. Geode Capital Management LLC raised 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 worth $3,799,000 after purchasing an additional 1,132,569 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 worth $5,252,000 after buying an additional 1,046,852 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in Rezolve AI during the 3rd quarter worth $2,490,000. Finally, XTX Topco Ltd bought a new position in Rezolve AI in the 3rd quarter valued at $1,781,000. 27.96% of the stock is owned by institutional investors.

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.