Rezolve AI (NASDAQ:RZLV) Trading Up 8.1% on Analyst Upgrade

Key Points

• Rezolve AI's shares surged 8.1% after Northland Securities upgraded their price target from $5.00 to $7.00, maintaining an outperform rating.
• Multiple analysts have recently raised their price targets for Rezolve AI, with HC Wainwright setting it at $10.00 and Maxim Group at $15.00, leading to a consensus target price of $9.00.
• Institutional investors have shown significant interest, with notable purchases including stakes from Ameritas Investment Partners and Vanguard, resulting in 27.96% of the stock being owned by hedge funds.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares traded up 8.1% on Friday after Northland Securities raised their price target on the stock from $5.00 to $7.00. Northland Securities currently has an outperform rating on the stock. Rezolve AI traded as high as $7.58 and last traded at $6.79. 54,650,807 shares traded hands during mid-day trading, an increase of 443% from the average session volume of 10,063,148 shares. The stock had previously closed at $6.28.

RZLV has been the subject of a number of other reports. HC Wainwright lifted their price target on shares of Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday. Cantor Fitzgerald boosted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the company an "overweight" rating in a research report on Thursday. Alliance Global Partners started coverage on shares of Rezolve AI in a research report on Friday, August 1st. They set a "buy" rating and a $8.50 target price on the stock. 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. Finally, Roth Capital increased their target price on shares of Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $9.00.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Rezolve AI during the 2nd quarter worth $29,000. Hartford Financial Management Inc. purchased a new stake in Rezolve AI in the 2nd quarter valued at about $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in Rezolve AI in the 2nd quarter valued at about $31,000. Legal & General Group Plc purchased a new stake in Rezolve AI in the 2nd quarter valued at about $31,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Rezolve AI in the 2nd quarter valued at about $57,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Trading Up 8.1%

The stock has a fifty day moving average price of $4.41 and a 200-day moving average price of $2.86.

Rezolve AI Company Profile

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.

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