Citi Starts ZEEKR Intelligent Technology (ZK) at Buy

Citi analyst Jeff Chung initiates coverage on ZEEKR Intelligent Technology (NYSE: ZK) with a Buy rating and a price target of $32.40.

The analyst comments "We initiate Zeekr with Buy/High Risk considering its asset-light model empowered by Geely group, strong model cycle ahead and sustained revenue and earnings contribution from Ningbo Viridi and CEVT. Our TP of US$32.40 is based on 0.7x 2024E P/S, which is 1stdv below weighted average 2024E P/S of NEV players (BYD, NIO, Li, Xpeng, Leapmotor)."

For an analyst ratings summary and ratings history on ZEEKR Intelligent Technology click here. For more ratings news on ZEEKR Intelligent Technology click here.

Shares of ZEEKR Intelligent Technology closed at $21.16 yesterday.

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