ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Given Consensus Recommendation of "Buy" by Brokerages

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Get Free Report) has earned a consensus rating of "Buy" from the six analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $32.02.

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

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently bought and sold shares of the stock. Sandia Investment Management LP purchased a new position in shares of ZEEKR Intelligent Technology during the second quarter valued at approximately $94,000. Barclays PLC boosted its holdings in shares of ZEEKR Intelligent Technology by 28.5% during 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 in the last quarter. Green Alpha Advisors LLC bought a new position in ZEEKR Intelligent Technology in the 3rd quarter worth about $219,000. Marshall Wace LLP bought a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $347,000. Finally, WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the third quarter worth about $446,000.

ZEEKR Intelligent Technology Stock Down 1.3 %

Shares of NYSE ZK traded down $0.28 during mid-day trading on Tuesday, hitting $20.94. 810,722 shares of the stock traded hands, compared to its average volume of 881,880. ZEEKR Intelligent Technology has a twelve month low of $13.00 and a twelve month high of $32.24. The firm's 50 day simple moving average is $22.50.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion during the quarter. On average, research analysts anticipate that ZEEKR Intelligent Technology will post -2.16 earnings per share for the current fiscal year.

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.