Cantor Fitzgerald Initiates Coverage on Rezolve AI (NASDAQ:RZLV)

Investment analysts at Cantor Fitzgerald started coverage on shares of Rezolve AI (NASDAQ:RZLV) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $5.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 118.34% from the stock’s current price.

Rezolve AI Stock Down 0.4 %

Shares of Rezolve AI stock opened at $2.29 on Thursday. Rezolve AI has a twelve month low of $1.57 and a twelve month high of $12.29. The business has a 50-day simple moving average of $4.68.

Hedge Funds Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.