Summary: H.C. Wainwright reaffirmed a Buy rating and a $12.00 price target on Rezolve AI Ltd. (NASDAQ:RZLV) following the company’s acquisition of Reward Loyalty UK Limited. The research house’s target implies a substantial upside relative to the stock’s recent trading price. The transaction, financed entirely from Rezolve’s balance sheet, is expected to add roughly $90 million in annual revenue and to be EBITDA accretive, reinforcing management’s stated merger-and-acquisition strategy.
Deal and strategic rationale
Rezolve AI announced it will purchase Reward Loyalty for $230 million in cash. Reward Loyalty specializes in card-linked banking loyalty programs and data monetization across Europe, the Middle East, and Asia. Rezolve expects the acquisition to be EBITDA accretive and to complement its strategy of acquiring legacy technology businesses and cross-selling its AI and payment solutions to those companies’ customer bases.
The transaction is slated to contribute approximately $90 million of annual revenue to Rezolve, a figure H.C. Wainwright views as pivotal to the company’s ability to meet or potentially exceed the firm’s 2026 revenue target of $350 million.
Financial positioning and recent financing
Rezolve funded the Reward Loyalty purchase entirely from cash on its balance sheet. In addition to the acquisition, the company completed a $250 million oversubscribed financing round through a registered direct offering. That transaction involved the sale of 62.5 million ordinary shares at $4.00 each and included participation from both existing and new institutional investors. The offering was expected to close in January 2026.
H.C. Wainwright notes that since December 2025 Rezolve has added about $160 million in annual revenue through acquisitions. The firm projects that, over time, Rezolve’s combined business could achieve gross margins in excess of 80% and net margins approaching 20%. Current reported gross profit margins are 95.63%, although the company remained unprofitable over the last twelve months.
Analyst views and forecasts
Following the acquisition announcement, H.C. Wainwright reiterated its Buy rating and maintained a $12.00 price target for Rezolve AI. That target represents a 363% upside compared with RZLV’s recent share price of $2.59. Separately, H.C. Wainwright’s research noted a prior adjustment to the $12.00 target from $10.00, citing robust growth prospects after Rezolve reported $17.0 million in revenue for December 2025 and disclosed aggressive revenue targets for 2026.
Cantor Fitzgerald also weighed in, reaffirming an Overweight rating and keeping an $8.00 price target after the company reported encouraging December performance. Overall, analysts maintain a Strong Buy consensus on the stock.
InvestingPro data cited in analyst coverage indicates Rezolve is forecast to increase revenue by 212.1% in the current fiscal year, underpinning upbeat sales growth expectations. The research service also highlights that Rezolve’s stock has displayed countercyclical tendencies, with a beta of -0.19, which some market participants may view as a potential diversification benefit.
Context on growth and margins
Analysts point to acquisition-driven revenue expansion as the primary engine for Rezolve’s near-term top-line acceleration. H.C. Wainwright’s commentary suggests the combined effect of recent deals and organic progress could put the company on a path toward significantly higher gross and net margins in the longer term, with the caveat that the business is currently operating at a loss on a trailing annual basis.
Closing perspective
With the Reward Loyalty acquisition and the completed financing in hand, Rezolve has materially increased its reported and projected revenue base. Market-facing commentary by H.C. Wainwright and Cantor Fitzgerald reflects confidence in the company’s growth trajectory, while also documenting that profitability improvements remain a future objective rather than an achieved milestone.
Note: The information in this report is drawn from public company disclosures, analyst research notes, and market data as presented in relevant analyst coverage and reporting.