Analyst Scott Buck of H.C. Wainwright maintained a Buy rating on Rezolve AI (RZLV – Research Report), retaining the price target of $4.00.
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Scott Buck has given his Buy rating due to a combination of factors that highlight Rezolve AI’s promising growth trajectory and strategic partnerships. The announcement of a significant contract with El Puerto de Liverpool, a major Mexican retailer, underscores the demand for Rezolve’s AI technology and its potential to drive substantial revenue growth. This contract, valued at $9.8 million annually, is a pivotal step towards achieving the company’s ambitious target of $100 million in annual recurring revenue by the end of 2025. The partnership with Google, which facilitated this deal, further validates the quality of Rezolve’s AI solutions and its effective market strategy.
Additionally, the company’s AI products have historically demonstrated significant improvements in key performance metrics such as conversion rates and sales volume, enhancing customer outcomes. Scott Buck anticipates that Rezolve will continue to secure new contracts and possibly engage in mergers and acquisitions, contributing to further revenue growth. Despite recent stock performance, Buck sees considerable upside potential given the vast e-commerce market and Rezolve’s current distribution relationships. The valuation of RZLV shares at $4 reflects a significant upside from recent trading levels, supported by expected revenue growth and the potential for consistent profitability by 2026.
Buck covers the Technology sector, focusing on stocks such as Lightpath Technologies, Usio, and Veritone. According to TipRanks, Buck has an average return of -25.2% and a 20.24% success rate on recommended stocks.