Scott Buck, an analyst from H.C. Wainwright, has initiated a new Buy rating on Rezolve AI (RZLV).
Scott Buck has given his Buy rating due to a combination of factors that position Rezolve AI for substantial growth. The company, headquartered in London, is leveraging its innovative AI-powered sales tools to enhance e-commerce experiences by improving product search, offering customized advice, and providing ongoing customer support. This technology is expected to drive significant revenue growth, especially as it partners with major cloud service providers like Google and Microsoft, who are investing in global marketing initiatives to boost brand awareness among e-retailers.
Furthermore, the global e-commerce market is projected to expand significantly, reaching over $5.5 trillion by 2027. Rezolve AI’s technology is well-positioned to capitalize on this growth by addressing high cart abandonment rates and offering a differentiated consumer experience. Despite recent share price declines, largely attributed to macroeconomic factors and the company’s SPAC entry, the strategic partnerships and anticipated revenue growth suggest a promising outlook, making RZLV shares an attractive investment opportunity.
Buck covers the Technology sector, focusing on stocks such as Lightpath Technologies, Usio, and Veritone. According to TipRanks, Buck has an average return of -22.9% and a 22.47% success rate on recommended stocks.
In another report released on March 28, Northland Securities also maintained a Buy rating on the stock with a $5.00 price target.