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

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $32.02.

A number of research analysts have recently weighed in on the company. 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 objective for the company. CICC Research began coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price target for the company.

Institutional Inflows and Outflows

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

ZEEKR Intelligent Technology Stock Performance

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

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.