Cantor Fitzgerald Reaffirms Overweight Rating for Rezolve AI (NASDAQ:RZLV)

Rezolve AI (NASDAQ:RZLV)‘s stock had its “overweight” rating restated by analysts at Cantor Fitzgerald in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $8.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 177.78% from the company’s previous close.

Several other research firms also recently weighed in on RZLV. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Roth Capital boosted their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Maxim Group increased their target price on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 target price on shares of Rezolve AI in a research report on Friday, December 19th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rezolve AI has an average rating of “Moderate Buy” and an average target price of $9.29.

Rezolve AI Trading Up 2.9%

NASDAQ RZLV opened at $2.88 on Wednesday. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $8.45. The company’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.69.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Rezolve AI during the second quarter worth $29,000. Hartford Financial Management Inc. bought a new stake in shares of Rezolve AI during the 2nd quarter worth about $31,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI during the 2nd quarter worth about $31,000. Legal & General Group Plc acquired a new position in shares of Rezolve AI during the 2nd quarter valued at about $31,000. Finally, AXQ Capital LP acquired a new position in shares of Rezolve AI during the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.