Roth Mkm Reaffirms “Buy” Rating for Stardust Power (NASDAQ:SDST)

Stardust Power (NASDAQ:SDST)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued on Wednesday,Benzinga reports. They presently have a $13.00 price objective on the stock. Roth Mkm’s target price would indicate a potential upside of 181.39% from the stock’s current price.

A number of other equities analysts have also issued reports on SDST. B. Riley assumed coverage on Stardust Power in a research note on Tuesday, October 29th. They issued a “buy” rating and a $12.00 target price for the company. Roth Capital raised Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th.

Stardust Power Trading Down 5.3 %

Shares of NASDAQ:SDST opened at $4.62 on Wednesday. The company’s 50-day simple moving average is $6.96. Stardust Power has a 1 year low of $4.62 and a 1 year high of $28.38.

Hedge Funds Weigh In On Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC acquired a new stake in Stardust Power Inc. (NASDAQ:SDST) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned approximately 0.23% of Stardust Power at the end of the most recent reporting period. Institutional investors own 32.79% of the company’s stock.

Stardust Power Company Profile

Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.