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

Stardust Power (NASDAQ:SDST)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Mkm in a report issued on Wednesday,Benzinga reports. They currently have a $13.00 price target on the stock. Roth Mkm’s price objective suggests a potential upside of 168.04% from the stock’s previous close.

Several other research firms have also recently issued reports on SDST. Roth Capital raised shares of Stardust Power to a “strong-buy” rating in a report on Wednesday, November 20th. B. Riley initiated coverage on Stardust Power in a report on Tuesday, October 29th. They set a “buy” rating and a $12.00 price objective for the company.

Stardust Power Price Performance

SDST stock opened at $4.85 on Wednesday. The stock’s 50 day simple moving average is $7.12. Stardust Power has a fifty-two week low of $4.90 and a fifty-two week high of $28.38.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new position in Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. 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.