Roth Capital Reiterates "Buy" Rating for Rezolve AI (NASDAQ:RZLV)

Key Points

• Roth Capital has reaffirmed a "Buy" rating for Rezolve AI (NASDAQ:RZLV) with a new price target of $9.00, indicating a potential upside of 18.97% from its previous close.
• Other analysts, including HC Wainwright and Alliance Global Partners, have also issued "Buy" ratings for Rezolve AI, with price targets ranging from $8.50 to $9.00.
• The stock has seen significant trading activity recently, with a share price increase of 11.9%, and hedge funds now own nearly 28% of the company's shares, reflecting strong institutional interest.

Rezolve AI (NASDAQ:RZLV - Get Free Report)'s stock had its "buy" rating reissued by Roth Capital in a note issued to investors on Monday,Benzinga reports. They currently have a $9.00 price objective on the stock, up from their prior price objective of $4.25. Roth Capital's price objective indicates a potential upside of 18.97% from the stock's previous close.

Several other equities research analysts have also issued reports on RZLV. HC Wainwright raised their price target on shares of Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday. Alliance Global Partners began coverage on shares of Rezolve AI in a research note on Friday, August 1st. They issued a "buy" rating and a $8.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $7.31.

Rezolve AI Trading Up 11.9%

Shares of RZLV stock traded up $0.81 during trading hours on Monday, hitting $7.57. 29,859,748 shares of the company were exchanged, compared to its average volume of 8,137,098. The firm has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $2.40. Rezolve AI has a 52-week low of $1.07 and a 52-week high of $10.76.

Hedge Funds Weigh In On Rezolve AI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Rezolve AI by 1,100.7% in the second 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 period. Polar Asset Management Partners Inc. bought a new position in shares of Rezolve AI in the fourth quarter worth approximately $4,149,000. Jane Street Group LLC bought a new position in shares of Rezolve AI in the fourth quarter worth approximately $1,650,000. Brown Wealth Management LLC bought a new position in shares of Rezolve AI in the second quarter worth approximately $615,000. Finally, Rhumbline Advisers bought a new position in Rezolve AI during the second quarter valued at approximately $398,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

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.

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