Wedbush Reaffirms “Outperform” Rating for Oklo (NYSE:OKLO)

Wedbush reaffirmed their outperform rating on shares of Oklo (NYSE:OKLO) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $45.00 target price on the stock.

Several other equities analysts have also weighed in on OKLO. Citigroup increased their target price on Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Craig Hallum began coverage on shares of Oklo in a research report on Tuesday, January 28th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, B. Riley boosted their price objective on shares of Oklo from $27.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Price Performance

OKLO stock opened at $28.77 on Tuesday. Oklo has a twelve month low of $5.35 and a twelve month high of $59.14. The business’s fifty day moving average is $36.13 and its 200-day moving average is $24.36.

Institutional Investors Weigh In On Oklo

Large investors have recently modified their holdings of the business. Portland Investment Counsel Inc. acquired a new position in shares of Oklo in the 3rd quarter valued at approximately $6,493,000. HITE Hedge Asset Management LLC acquired a new position in shares of Oklo in the third quarter valued at approximately $19,753,000. Atomi Financial Group Inc. bought a new stake in shares of Oklo during the fourth quarter worth $19,285,000. Archford Capital Strategies LLC acquired a new stake in shares of Oklo during the fourth quarter worth $212,000. Finally, Barclays PLC bought a new stake in Oklo in the 3rd quarter valued at $58,000. 85.03% of the stock is currently owned by institutional investors.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.