Geode Capital Management LLC purchased a new stake in shares of Stardust Power Inc. (NASDAQ:SDST – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 108,459 shares of the company’s stock, valued at approximately $883,000.
Stardust Power Stock Performance
NASDAQ SDST opened at $3.23 on Friday. Stardust Power Inc. has a twelve month low of $2.94 and a twelve month high of $28.38. The company’s 50 day moving average price is $5.82.
Wall Street Analysts Forecast Growth
SDST has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $13.00 price target on shares of Stardust Power in a research report on Wednesday, December 18th. B. Riley assumed coverage on Stardust Power in a research report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 target price for the company. Finally, Roth Capital upgraded Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th.
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.
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