ZEEKR Intelligent Technology (NYSE:ZK) Shares Gap Up – What’s Next?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $22.36, but opened at $23.28. ZEEKR Intelligent Technology shares last traded at $23.89, with a volume of 144,941 shares changing hands.

Analyst Upgrades and Downgrades

ZK has been the subject of a number of recent research reports. 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 shares of ZEEKR Intelligent Technology in a research report on Friday, October 25th. They issued an “outperform” rating and a $31.74 price objective for the company. Finally, Bank of America decreased their target price on shares of 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. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.02.

ZEEKR Intelligent Technology Trading Up 0.4 %

The company’s fifty day moving average price is $23.50 and its two-hundred day moving average price is $20.80.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

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

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.