ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Receives $32.02 Average Price Target from Analysts

Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) have been given an average rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.02.

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

ZEEKR Intelligent Technology Stock Down 2.7 %

NYSE:ZK opened at $22.10 on Tuesday. The business’s 50-day simple moving average is $22.82. ZEEKR Intelligent Technology has a 1 year low of $13.00 and a 1 year high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK) last released 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 during the quarter. As a group, research analysts forecast that ZEEKR Intelligent Technology will post -1.79 earnings per share for the current year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth approximately $31,236,000. Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth approximately $20,388,000. Millennium Management LLC acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth approximately $17,478,000. Prudential PLC acquired a new stake in ZEEKR Intelligent Technology in the second quarter worth approximately $4,194,000. Finally, Polymer Capital Management HK LTD acquired a new stake in ZEEKR Intelligent Technology in the third quarter worth approximately $3,836,000.

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.