Shares of Rezolve AI Ltd RZLV skyrocketed more than 50% over the past five trading days, after the company announced plans to align with the Department of Government Efficiency’s initiatives.
The company’s AI solution uses a commerce-focused language model that enables “natural language interactions with online shoppers, replacing legacy enterprise search processes,” according to Northland Capital Partners.
Analyst Michael Latimore initiated coverage of Rezolve AI with an Outperform rating and a price target of $5.
The Rezolve AI Thesis: The company’s proprietary technology fosters digital retail engagement “by providing customers with their own genAI-powered sales engine that improves search, advice and revenue generation,” Latimore said in the initiation note.
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Rezolve’s software is like “having the best salesperson interact with every online shopper” and it can even replace legacy filtered search, he added.
The company’s management is “highly experienced” in e-commerce and software, the analyst wrote. Also, is initial distribution partners include Microsoft Corp MSFT and Google-parent Alphabet Inc GOOG.
Rezolve is among the few “pure play, public genAI companies” and several market forecasters project the genAI software market to expand at a CAGR (compounded annual growth rate) of 50%, he further stated.
Price Action: Shares of Rezolve AIhad risen by 8.81% to $3.58 at the time of publication on Wednesday.
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