Stardust Power (NASDAQ:SDST) Given Buy Rating at Roth Mkm

Stardust Power (NASDAQ:SDST)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the stock. Roth Mkm’s target price points to a potential upside of 168.04% from the stock’s current price.

SDST has been the subject of several other research reports. B. Riley started coverage on shares of Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 target price for the company. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a research note on Wednesday, November 20th.

Stardust Power Stock Performance

Shares of Stardust Power stock opened at $4.85 on Wednesday. Stardust Power has a 1 year low of $4.90 and a 1 year high of $28.38. The business has a fifty day moving average of $7.12.

Institutional Investors Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new position in shares of Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power as of its most recent SEC filing. Hedge funds and other 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.