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

Rezolve AI (NASDAQ:RZLV)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They currently have a $8.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 185.71% from the company’s current price.

Several other research analysts have also recently weighed in on RZLV. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Rezolve AI in a research report on Friday, December 19th. Roth Capital raised their price target on Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Finally, Northland Securities upped their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.29.

Rezolve AI Stock Down 3.1%

Rezolve AI stock opened at $2.80 on Wednesday. Rezolve AI has a 1-year low of $1.07 and a 1-year high of $8.45. The firm’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.70.

Hedge Funds Weigh In On Rezolve AI

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in shares of Rezolve AI during the 3rd quarter valued at about $120,880,000. Geode Capital Management LLC grew its position in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after acquiring an additional 1,132,569 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Rezolve AI by 13,595.5% during the third quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after acquiring an additional 1,046,852 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rezolve AI by 51.3% in the 3rd quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock worth $4,843,000 after acquiring an additional 329,568 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Rezolve AI by 153.5% in the 3rd quarter. UBS Group AG now owns 512,611 shares of the company’s stock worth $2,553,000 after acquiring an additional 310,371 shares during the last quarter. 27.96% of the stock is currently owned by institutional investors.

About Rezolve AI

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.