Stardust Power (NASDAQ:SDST) Earns Buy Rating from Analysts at Maxim Group

Maxim Group initiated coverage on shares of Stardust Power (NASDAQ:SDST) in a report released on Thursday,Benzinga reports. The firm set a “buy” rating and a $1.75 price target on the stock. Maxim Group’s target price would indicate a potential upside of 138.10% from the company’s previous close.

SDST has been the subject of several other research reports. Roth Capital upgraded shares of Stardust Power to a “strong-buy” rating in a research report on Wednesday, November 20th. Roth Mkm reiterated a “buy” rating and issued a $13.00 price objective on shares of Stardust Power in a research note on Wednesday, December 18th. Finally, Alliance Global Partners initiated coverage on shares of Stardust Power in a research note on Thursday, February 6th. They issued a “buy” rating and a $5.00 price objective on the stock. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $7.94.

Stardust Power Stock Up 3.1 %

SDST stock traded up $0.02 on Thursday, hitting $0.74. 213,375 shares of the company’s stock traded hands, compared to its average volume of 1,175,849. Stardust Power has a 1-year low of $0.66 and a 1-year high of $28.38. The stock has a fifty day moving average of $2.17 and a 200-day moving average of $6.05.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new stake in shares of Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power as of its most recent SEC filing. 32.79% of the stock is currently owned by institutional investors and hedge funds.

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.