Rezolve AI price target raised to $15 from $10 at Maxim

Maxim analyst Tom Forte raised the firm’s price target on Rezolve AI (RZLV) to $15 from $10 and keeps a Buy rating on the shares. The firm cites the company’s first-half results with both revenue and adjusted EBITDA ahead of expectations as it begins to ramp annualized recurring revenue, ARR, and revenue, the analyst tells investors in a research note. The ARR progress underscores the firm’s bullish thesis around Rezolve’s ability to capitalize on a hot AI market by forging and monetizing strategic partnerships and targeted acquisitions, leveraging the client networks of partners and acquired businesses, and upselling into the broader Rezolve AI suite, Maxim added.