Geode Capital Management LLC Invests $883,000 in Stardust Power Inc. (NASDAQ:SDST)

Geode Capital Management LLC bought a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power at the end of the most recent reporting period.

Wall Street Analyst Weigh In

SDST has been the subject of several analyst reports. Roth Mkm restated a “buy” rating and set a $13.00 target price on shares of Stardust Power in a report on Wednesday, December 18th. Roth Capital upgraded Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, B. Riley initiated coverage on Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 target price for the company.

Stardust Power Price Performance

Shares of SDST stock opened at $3.23 on Friday. The firm’s 50-day moving average is $5.82. Stardust Power Inc. has a 1-year low of $2.94 and a 1-year high of $28.38.

Stardust Power 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.