Brokerages Set ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Price Target at $32.02

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) has received an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.02.

A number of research analysts recently commented on ZK shares. Bank of America reduced their price target 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 initiated coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price for the company. Finally, CICC Research initiated 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 target for the company.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of ZEEKR Intelligent Technology by 28.5% during the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after purchasing an additional 2,097 shares during the period. Renaissance Capital LLC grew its position in shares of ZEEKR Intelligent Technology by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock valued at $506,000 after buying an additional 3,789 shares during the last quarter. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology during the second quarter worth about $94,000. Green Alpha Advisors LLC acquired a new stake in ZEEKR Intelligent Technology during the third quarter worth about $219,000. Finally, HITE Hedge Asset Management LLC lifted its holdings 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 worth $1,074,000 after acquiring an additional 16,564 shares during the last quarter.

ZEEKR Intelligent Technology Price Performance

NYSE:ZK opened at $27.00 on Friday. ZEEKR Intelligent Technology has a 1-year low of $13.00 and a 1-year high of $32.24. The firm has a 50-day moving average of $24.67 and a two-hundred day moving average of $20.78.

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.