ZEEKR Intelligent Technology (NYSE:ZK) Now Covered by Analysts at Macquarie

Macquarie began coverage on shares of ZEEKR Intelligent Technology (NYSE:ZK) in a report released on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a $33.00 target price on the stock.

Several other research analysts have also recently weighed in on ZK. Citigroup began coverage on ZEEKR Intelligent Technology in a research report on Monday, June 24th. They issued a buy rating and a $32.40 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on ZEEKR Intelligent Technology in a research report on Thursday, June 6th. They set a buy rating and a $35.00 price target on the stock. Finally, Bank of America dropped their price target on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a buy rating on the stock in a research report on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $32.08.

ZEEKR Intelligent Technology Trading Up 0.4 %

Shares of NYSE ZK opened at $25.91 on Thursday. ZEEKR Intelligent Technology has a 52 week low of $13.00 and a 52 week high of $32.24. The stock has a fifty day moving average of $17.08.

ZEEKR Intelligent Technology (NYSE:ZK) last announced its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The firm had revenue of $2.76 billion during the quarter. As a group, equities analysts anticipate that ZEEKR Intelligent Technology will post -2.31 EPS for the current year.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of hedge funds have recently made changes to their positions in ZK. Sandia Investment Management LP bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $94,000. Marshall Wace LLP bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $347,000. HITE Hedge Asset Management LLC bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $596,000. Westwood Holdings Group Inc. bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $1,288,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of ZEEKR Intelligent Technology in the second quarter worth about $1,319,000.

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.