Rezolve AI price target lowered to $13 from $14 at Alliance Global

Alliance Global lowered the firm’s price target on Rezolve AI (RZLV) to $13 from $14 and keeps a Buy rating on the shares after the company recently announced the acquisition of 100% of Reward Loyalty UK for $230M in cash. The firm, which says the acquisition of Reward “completes the company’s technology stack,” trimmed its price target to reflect the lower cash balance, partially offset by higher predicted revenue.