ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Receives Consensus Rating of “Buy” from Analysts

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) have earned an average rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.02.

Several research firms have recently weighed in on ZK. Macquarie started coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Bank of America dropped 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 research note on Thursday, August 22nd. Finally, CICC Research began coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective for the company.

ZEEKR Intelligent Technology Price Performance

Shares of NYSE ZK opened at $27.10 on Friday. ZEEKR Intelligent Technology has a 1-year low of $13.00 and a 1-year high of $32.24. The business’s 50 day moving average is $24.77 and its two-hundred day moving average is $20.85.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently made changes to their positions in the company. Barclays PLC raised its stake in ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after buying an additional 2,097 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the 3rd quarter worth $605,000. Polymer Capital Management HK LTD bought a new stake in ZEEKR Intelligent Technology during the third quarter valued at about $3,836,000. HITE Hedge Asset Management LLC grew its stake in ZEEKR Intelligent Technology by 52.4% in the third quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock valued at $1,074,000 after purchasing an additional 16,564 shares during the last quarter. Finally, WT Asset Management Ltd bought a new position in ZEEKR Intelligent Technology in the third quarter worth about $446,000.

ZEEKR Intelligent Technology Company Profile

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.