Alliance Global Partners Begins Coverage on Stardust Power (NASDAQ:SDST)

Investment analysts at Alliance Global Partners initiated coverage on shares of Stardust Power (NASDAQ:SDST) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $5.00 price target on the stock.

Several other equities analysts also recently commented on SDST. Roth Mkm reiterated a “buy” rating and set a $13.00 price target on shares of Stardust Power in a report on Wednesday, December 18th. B. Riley began coverage on shares of Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Roth Capital upgraded shares of Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th.

Stardust Power Stock Performance

Shares of NASDAQ SDST opened at $0.69 on Thursday. The firm’s 50-day moving average price is $3.67 and its 200-day moving average price is $7.31. Stardust Power has a 12-month low of $0.66 and a 12-month 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 bought a new position in Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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. 32.79% of the stock is owned by institutional investors.

About Stardust Power

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.