Analyst Scott Buck of H.C. Wainwright maintained a Buy rating on Rezolve AI (RZLV – Research Report), retaining the price target of $4.00.
Scott Buck has given his Buy rating due to a combination of factors that highlight Rezolve AI’s potential for significant growth. Despite missing 2024 revenue estimates, the company is in the early stages of its market entry, and the shortfall is seen as a timing issue rather than a fundamental problem. The focus is on 2025, where Rezolve AI has shown early success and remains on track to achieve a $100 million ARR target by year-end. This confidence is bolstered by strategic moves such as the acquisition of GroupBy and a substantial contract with El Puerto de Liverpool.
Scott Buck also notes the company’s strong customer base, including well-known enterprises like Ace Hardware and the Phoenix Suns, which underscores the effectiveness of Rezolve’s AI technology in enhancing retail performance. The company’s improved financial position, with a strengthened balance sheet and simplified capital structure, further supports the growth outlook. The valuation of RZLV shares at $4 reflects a significant upside potential, with expectations for revenue growth and profitability improvements in the coming years. However, risks such as dilution, competition, and regulatory challenges are acknowledged.