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

Analysts at Cantor Fitzgerald initiated coverage on shares of Rezolve AI (NASDAQ:RZLV) in a research note issued to investors on Thursday, Marketbeat reports. The firm set an “overweight” rating and a $5.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 173.22% from the company’s current price.

Rezolve AI Stock Performance

Shares of NASDAQ:RZLV opened at $1.83 on Thursday. The stock has a fifty day simple moving average of $4.46. Rezolve AI has a 52 week low of $1.57 and a 52 week high of $12.29.

Institutional Investors Weigh In On Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI as of its most recent SEC filing. Institutional investors and hedge funds 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.