Brokerages Set Rezolve AI Limited (NASDAQ:RZLV) Target Price at $6.00

Shares of Rezolve AI Limited (NASDAQ:RZLV) have received an average rating of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. Six 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 covered the stock in the last year is $6.00.

Several equities analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Rezolve AI in a research report on Tuesday, April 29th. Roth Mkm restated a “buy” rating and issued a $4.00 price objective on shares of Rezolve AI in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On Rezolve AI

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in Rezolve AI during the fourth quarter valued at approximately $38,000. Wolverine Asset Management LLC acquired a new stake in shares of Rezolve AI during the 4th quarter worth approximately $51,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Rezolve AI during the 4th quarter valued at approximately $88,000. FNY Investment Advisers LLC acquired a new position in shares of Rezolve AI in the 1st quarter valued at $30,000. Finally, RPO LLC purchased a new stake in Rezolve AI during the fourth quarter worth $108,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

Shares of Rezolve AI stock opened at $2.10 on Monday. The firm’s 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $2.41. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $12.29.

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.