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

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) has received a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.02.

ZK has been the subject of a number of research analyst reports. Macquarie started coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 target price for the company. CICC Research assumed coverage on ZEEKR Intelligent Technology in a report on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price for the company.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors and 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 in the second quarter valued at about $94,000. Barclays PLC lifted its stake in shares of ZEEKR Intelligent Technology by 28.5% in the 3rd quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC bought a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $219,000. Marshall Wace LLP bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth approximately $347,000. Finally, WT Asset Management Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the 3rd quarter worth approximately $446,000.

ZEEKR Intelligent Technology Stock Performance

ZK opened at $27.87 on Wednesday. The business has a 50 day moving average of $26.30 and a 200-day moving average of $21.59. ZEEKR Intelligent Technology has a 52 week low of $13.00 and a 52 week high of $32.76.

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.