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

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shares gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

ZK has been the topic of several recent analyst reports. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective on the stock. Bank of America dropped their price target on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $32.02.

ZEEKR Intelligent Technology Stock Performance

The company’s 50-day moving average price is $23.23 and its 200 day moving average price is $20.78.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth approximately $94,000. Barclays PLC raised its position in shares of ZEEKR Intelligent Technology by 28.5% during 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 period. Green Alpha Advisors LLC purchased a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter valued at $219,000. Marshall Wace LLP bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth $347,000. Finally, WT Asset Management Ltd purchased a new stake in ZEEKR Intelligent Technology in the 3rd quarter worth $446,000.

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.