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

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) has been given an average rating of “Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.02.

Several equities research analysts have recently commented on the stock. Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price for the company. 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 note on Thursday, August 22nd. Finally, CICC Research began coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth $31,236,000. Point72 Asset Management L.P. purchased a new stake in ZEEKR Intelligent Technology during the second quarter worth about $20,388,000. Millennium Management LLC purchased a new stake in ZEEKR Intelligent Technology during the second quarter worth about $17,478,000. Prudential PLC bought a new stake in ZEEKR Intelligent Technology in the second quarter worth about $4,194,000. Finally, Polymer Capital Management HK LTD purchased a new position in ZEEKR Intelligent Technology in the third quarter valued at about $3,836,000.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK stock opened at $27.67 on Friday. ZEEKR Intelligent Technology has a 12 month low of $13.00 and a 12 month high of $32.24. The firm has a fifty day simple moving average of $24.67 and a two-hundred day simple moving average of $20.81.

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.