H.C. Wainwright analyst Scott Buck has reiterated their bullish stance on RZLV stock, giving a Buy rating on June 10.
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Scott Buck has given his Buy rating due to a combination of factors including Rezolve AI’s impressive growth in annual recurring revenue (ARR), which has surpassed $70 million and is on track to exceed the company’s 2025 target of $100 million. This growth is attributed to strategic acquisitions, new market roll-outs, and significant contracts, such as the one with El Puerto de Liverpool. The company’s ability to achieve adjusted EBITDA breakeven at approximately $90 million of ARR suggests potential profitability as early as 2026, marking a significant milestone.
Additionally, the favorable market response to Rezolve AI’s recent business update indicates potential upside in the stock’s performance. Despite the uncertainty in contract and product implementation timelines, the current pace of ARR growth could accelerate the path to profitability. The valuation of RZLV shares at a $4 price target reflects a 12.0x EV/revenue multiple, which is a slight discount compared to high-quality peers, suggesting room for multiple expansion as the company continues to meet expectations.
In another report released on June 10, Northland Securities also maintained a Buy rating on the stock with a $5.00 price target.