ZEEKR Intelligent Technology (NYSE:ZK) Coverage Initiated at Macquarie

Stock analysts at Macquarie assumed coverage on shares of ZEEKR Intelligent Technology (NYSE:ZK) in a research report issued on Thursday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $33.00 price target on the stock. Macquarie’s price target would indicate a potential upside of 27.36% from the stock’s current price.

ZK has been the subject of a number of other research reports. Bank of America dropped 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. Citigroup began coverage on ZEEKR Intelligent Technology in a research note on Monday, June 24th. They set a “buy” rating and a $32.40 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on ZEEKR Intelligent Technology in a research note on Thursday, June 6th. They set a “buy” rating and a $35.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, ZEEKR Intelligent Technology currently has an average rating of “Buy” and an average price target of $32.08.

ZEEKR Intelligent Technology Stock Up 0.4 %

Shares of ZK opened at $25.91 on Thursday. The stock has a 50 day moving average price of $17.08. ZEEKR Intelligent Technology has a 1 year low of $13.00 and a 1 year high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The business had revenue of $2.76 billion during the quarter. Sell-side analysts anticipate that ZEEKR Intelligent Technology will post -2.31 earnings per share for the current fiscal year.

Institutional Trading of ZEEKR Intelligent Technology

Several large investors have recently added to or reduced their stakes in ZK. Prudential PLC purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $4,194,000. Westwood Holdings Group Inc. purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $1,288,000. Marshall Wace LLP purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $347,000. Sandia Investment Management LP purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $94,000. Finally, Point72 Asset Management L.P. purchased a new position in ZEEKR Intelligent Technology during the second quarter valued at $20,388,000.

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.