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

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

ZK has been the subject of several research analyst reports. Macquarie started 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. CICC Research initiated coverage on ZEEKR Intelligent Technology in a report on Friday. They issued an “outperform” rating and a $31.74 target price on the stock. Finally, Bank of America lowered their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd.

ZEEKR Intelligent Technology Stock Performance

Shares of NYSE:ZK opened at $28.85 on Friday. ZEEKR Intelligent Technology has a fifty-two week low of $13.00 and a fifty-two week high of $32.24. The company has a 50 day moving average price of $19.55.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The business had revenue of $2.76 billion for the quarter. On average, analysts forecast that ZEEKR Intelligent Technology will post -2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ZK. Sandia Investment Management LP bought a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $94,000. Green Alpha Advisors LLC purchased a new position in ZEEKR Intelligent Technology in the 3rd quarter worth about $219,000. Marshall Wace LLP bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Renaissance Capital LLC lifted its holdings in shares of ZEEKR Intelligent Technology by 20.0% in the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock worth $506,000 after buying an additional 3,789 shares during the period. Finally, HITE Hedge Asset Management LLC bought a new position in ZEEKR Intelligent Technology during the 2nd quarter worth about $596,000.

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.