Rezolve AI (RZLV) Gets 14% Boost From Higher PT

We recently published All-Time High Fever: 10 Stocks Soaring and Breaking Records. Rezolve AI PLC (NASDAQ:RZLV) is one of the best performers in last week’s trading.

Rezolve AI jumped by 14.20 percent on Monday to close at $7.72 apiece as investor sentiment was boosted by an investment firm’s higher price target for the company.

In an updated market report, Rezolve AI PLC (NASDAQ:RZLV) earned a new price target of $9 from HC Wainwright, marking an increase from the $4 previously, while maintaining a “buy” recommendation for its stock.

The revision was boosted by optimism that Rezolve AI PLC (NASDAQ:RZLV) was on track to achieve $100 million in annual recurring revenue (ARR) by the end of the year. At present, the company’s ARR is at $70 million, with growth driven by partnerships with Google and Microsoft, alongside additional mergers and acquisitions activities.

In other news, Rezolve AI PLC (NASDAQ:RZLV) welcomed Tether’s unveiling of its own stablecoin called USAT.

“The announcement of USAT…validates exactly what we set out to do with Tether by bringing regulated, frictionless crypto payments into mainstream commerce,” said Chairman and CEO Daniel Wagner.

“By combining AI-driven discovery with next-generation payments, we believe that Rezolve is positioned to transform how consumers shop and how merchants get paid,” he added.

While we acknowledge the potential of RZLV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.