Oklo (NYSE:OKLO) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Oklo (NYSE:OKLO) in a research note published on Tuesday,Benzinga reports. Wedbush 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.

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

Oklo Stock Down 9.7 %

Oklo stock opened at $23.82 on Tuesday. The company has a fifty day simple moving average of $36.17 and a 200-day simple moving average of $24.37. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -2.35 and a beta of -0.28. Oklo has a 52-week low of $5.35 and a 52-week high of $59.14.

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

Institutional Investors Weigh In On Oklo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Portland Investment Counsel Inc. purchased a new position in shares of Oklo during the 3rd quarter worth $6,493,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Oklo during the third quarter valued at about $19,753,000. Atomi Financial Group Inc. acquired a new stake in shares of Oklo during the fourth quarter valued at about $19,285,000. Archford Capital Strategies LLC purchased a new stake in shares of Oklo in the 4th quarter valued at approximately $212,000. Finally, Barclays PLC acquired a new position in shares of Oklo in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.