Stardust Power price target lowered to $1.40 from $1.70 at Roth Capital

Roth Capital lowered the firm’s price target on Stardust Power (SDST) to $1.40 from $1.70 and keeps a Buy rating on the shares. The company reported a wider than anticipated loss, but otherwise results were relatively uneventful, the analyst tells investors in a research note. Roth adds however that its reduced price target reflects higher future dilution assumptions.