ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Given Consensus Rating of “Buy” by Brokerages

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) have received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $32.02.

Several analysts have recently weighed in on the stock. CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective for the company. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target on the stock. Finally, Bank of America lowered their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 22nd.

ZEEKR Intelligent Technology Stock Performance

ZK stock opened at $22.40 on Tuesday. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $32.24. The business’s 50-day moving average price is $22.95.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 billion for the quarter. On average, sell-side analysts predict that ZEEKR Intelligent Technology will post -1.79 earnings per share for the current fiscal year.

Institutional Trading of ZEEKR Intelligent Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sandia Investment Management LP bought a new position in ZEEKR Intelligent Technology in the second quarter valued at approximately $94,000. Barclays PLC boosted its holdings in shares of ZEEKR Intelligent Technology by 28.5% in the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after buying an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC bought a new position in shares of ZEEKR Intelligent Technology in the third quarter valued at $219,000. Marshall Wace LLP acquired a new position in ZEEKR Intelligent Technology during the second quarter worth $347,000. Finally, WT Asset Management Ltd bought a new stake in ZEEKR Intelligent Technology during the third quarter worth $446,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.