Stardust Power’s (SDST) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Stardust Power (NASDAQ:SDST) in a research note released on Wednesday morning,Benzinga reports. They currently have a $13.00 target price on the stock.

Several other equities analysts have also recently weighed in on SDST. B. Riley assumed coverage on Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 price target on the stock. Roth Capital raised Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th.

Stardust Power Stock Performance

Shares of SDST stock opened at $4.88 on Wednesday. Stardust Power has a 12-month low of $4.73 and a 12-month high of $28.38. The stock has a 50 day moving average of $7.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 32.79% of the company’s stock.

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.