Zeekr initiated with an Outperform at Macquarie

Macquarie initiated coverage of Zeekr with an Outperform rating and $33 price target Zeekr is poised to expand local share in its core premium BEV market, says the analyst, who forecasts volumes to rise at a 47% compound annual growth rate through FY26 to 373,000 units. While Geely Auto holds a 51% Zeekr stake and fees cap future profits compared to economic scale from ownership accruing over time, the analyst argues that Zeekr shares “look overly penalized for the corporate structure complexity and low liquidity.”