Rezolve AI PLC (NASDAQ:RZLV) Stock Has Consensus Price Target of $10.12 According to Analysts

Rezolve AI PLC (NASDAQ:RZLV) has received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.12.

A number of research firms recently weighed in on RZLV. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Cantor Fitzgerald restated an “overweight” rating on shares of Rezolve AI in a research report on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and issued a $6.50 price target on shares of Rezolve AI in a report on Wednesday, September 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rezolve AI in a research report on Thursday.

Rezolve AI Stock Performance

Shares of RZLV opened at $1.46 on Monday. The stock’s fifty day moving average price is $2.11 and its two-hundred day moving average price is $2.52. Rezolve AI has a 1 year low of $1.40 and a 1 year high of $4.97.

Rezolve AI (NASDAQ:RZLV) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.20). The business had revenue of $65.39 million for the quarter, compared to analyst estimates of $127.00 million. During the same quarter in the previous year, the business posted ($0.25) earnings per share. As a group, analysts forecast that Rezolve AI will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in shares of Rezolve AI in the 1st quarter valued at about $5,120,000. Janus Henderson Group PLC purchased a new position in shares of Rezolve AI during the first quarter worth about $2,631,000. Bank of New York Mellon Corp grew its holdings in shares of Rezolve AI by 16.0% during the first quarter. Bank of New York Mellon Corp now owns 456,380 shares of the company’s stock worth $1,168,000 after purchasing an additional 63,066 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Rezolve AI during the second quarter worth about $1,168,000. Finally, Engineers Gate Manager LP increased its position in shares of Rezolve AI by 63.6% in the second quarter. Engineers Gate Manager LP now owns 335,690 shares of the company’s stock worth $1,057,000 after purchasing an additional 130,552 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve AI Limited is a technology company that develops artificial intelligence solutions for digital commerce and customer engagement. Its platform is designed to help retailers and brands create more personalized shopping experiences across digital channels, including websites, mobile applications and messaging environments.

The company’s products use AI to support functions such as product discovery, conversational shopping, recommendations, customer service and transaction assistance.