ZEEKR Intelligent Technology (NYSE:ZK) Trading 8.3% Higher – Should You Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price rose 8.3% during mid-day trading on Monday . The stock traded as high as $27.12 and last traded at $26.89. Approximately 305,267 shares traded hands during trading, a decline of 62% from the average daily volume of 795,996 shares. The stock had previously closed at $24.83.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Macquarie assumed 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 shares of ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock. Finally, Bank of America dropped their price target on shares of 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Price Performance

The firm has a 50-day moving average price of $21.92.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its earnings results on Wednesday, August 21st. The company reported ($1.31) EPS for the quarter. The business had revenue of $2.76 billion for the quarter. On average, equities research analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -2.2 EPS for the current year.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology in the 2nd quarter worth $31,236,000. Point72 Asset Management L.P. bought a new stake in shares of ZEEKR Intelligent Technology in the second quarter valued at about $20,388,000. Westwood Holdings Group Inc. acquired a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $1,288,000. Prudential PLC bought a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $4,194,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $2,736,000.

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.