BofA analyst Ming Hsun Lee raised the firm’s price target on Zeekr to $36 from $35 and keeps a Buy rating on the shares after the company reported quarterly results. The firm noted that Q1 results were “slightly ahead” of estimates, adding that 2H24 volumes will likely be aided by new models and export.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZK:
- ‘Load Up,’ Says Goldman Sachs About These 2 Strong Buy Stocks
- ZEEKR’s Record Growth Amidst Market Expansion
- Options Volatility and Implied Earnings Moves Today, June 11, 2024
- Options Volatility and Implied Earnings Moves This Week, June 10 – June 13, 2024
- Dollar Tree downgraded, Lululemon upgraded: Wall Street’s top analyst calls