Stardust Power price target lowered to $1.70 from $4 at Roth MKM

Roth MKM lowered the firm’s price target on Stardust Power (SDST) to $1.70 from $4 but keeps a Buy rating on the shares. The company’s Q4 results were uneventful, though the firm has updated its model for the company’s recent warrant acceleration and future dilution assumptions, the analyst tells investors in a research note. Longer term, Roth remains positive on Stardust’s continued execution on its project timeline.