ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Given Consensus Rating of “Buy” by Analysts

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

ZK has been the topic of a number of research reports. Macquarie initiated coverage on ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price objective on the stock. CICC Research initiated coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock.

ZEEKR Intelligent Technology Trading Down 1.7 %

Shares of ZEEKR Intelligent Technology stock opened at $27.87 on Wednesday. ZEEKR Intelligent Technology has a 12-month low of $13.00 and a 12-month high of $32.76. The business’s 50 day moving average is $26.30 and its 200-day moving average is $21.59.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $31,236,000. Barclays PLC increased its stake in ZEEKR Intelligent Technology by 28.5% in the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after acquiring an additional 2,097 shares during the last quarter. WT Asset Management Ltd bought a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at about $446,000. Point72 Asset Management L.P. bought a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $20,388,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at about $1,288,000.

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.