Shares of Rezolve AI (RZLV) jumped about 12% on Tuesday after shareholders gave the green light for a share buyback program worth up to $300 million. The move is aimed at closing what the company sees as a gap between its stock price and its actual business performance.

Rezolve AI said Tuesday that shareholders approved the capital reduction and share repurchase authority needed to launch the buyback, which still requires a nod from a U.K. court. The company expects that approval by mid-September 2026 and plans to start buying back shares shortly after, depending on market conditions and board discretion.

The buyback isn't a binding commitment—it allows repurchases through open-market purchases, block trades, or private deals, but doesn't force the company to buy a specific number of shares. Still, it signals that management thinks the stock is cheap.

Rezolve AI also reaffirmed its fiscal 2026 revenue guidance of about $360 million and said it expects to exit the year with at least $500 million in annual recurring revenue. That kind of growth trajectory might explain why the board feels the market isn't giving the company enough credit.

Analysts seem to agree. The stock carries a Buy rating with an average price target of $12.00—more than four times Tuesday's closing price near $2.90. Recent analyst moves include Cantor Fitzgerald maintaining an Overweight rating with an $8.00 forecast (from December 2025), and HC Wainwright & Co. reiterating a Buy rating with a $12.00 target in February, after raising it from a previous level in January.

At publication time, Rezolve AI shares were up 11.62% at $2.90, according to market data.