Oklo’s (OKLO) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Oklo (NYSE:OKLO) in a report published on Tuesday,Benzinga reports. The firm currently has a $45.00 price target on the stock. Wedbush also issued estimates for Oklo’s Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.40) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.32) EPS.

Several other research firms have also commented on OKLO. B. Riley raised their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Citigroup lifted their target price on shares of Oklo from $10.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Craig Hallum assumed coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Price Performance

NYSE:OKLO opened at $23.82 on Tuesday. The company’s fifty day moving average price is $36.17 and its 200-day moving average price is $24.37. Oklo has a 1-year low of $5.35 and a 1-year high of $59.14. The firm has a market capitalization of $2.91 billion, a P/E ratio of -2.35 and a beta of -0.28.

Oklo (NYSE:OKLO) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Equities analysts anticipate that Oklo will post -8.2 EPS for the current fiscal year.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently made changes to their positions in OKLO. Barclays PLC grew its stake in Oklo by 5.7% in the 4th quarter. Barclays PLC now owns 7,666 shares of the company’s stock valued at $163,000 after acquiring an additional 416 shares during the period. Ancora Advisors LLC grew its position in shares of Oklo by 18.2% in the fourth quarter. Ancora Advisors LLC now owns 4,610 shares of the company’s stock valued at $98,000 after purchasing an additional 710 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Oklo during the fourth quarter worth about $27,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the 4th quarter worth about $32,000. Finally, Sandy Spring Bank purchased a new position in Oklo in the 4th quarter valued at about $32,000. 85.03% of the stock is currently owned by hedge funds and other 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.