Goldman Sachs Initiates Coverage of Oklo (OKLO) Stock

Oklo Inc. (NYSE:OKLO) is one of the Best WallStreetBets Stocks to Invest In. On September 25, Goldman Sachs initiated coverage of the company’s stock with a “Neutral” rating and a price objective of $117, as reported by The Fly. Against the backdrop of the growing nuclear small modular reactor race in the US, Oklo Inc. (NYSE:OKLO) continues to advance its sodium-cooled fast fission nuclear reactor, the Aurora Powerhouse, with a target to reach commercialization by late-2027/early-2028, added the firm’s analyst.

Goldman Sachs Initiates Coverage of Oklo (OKLO) Stock

The firm also noted that Oklo Inc. (NYSE:OKLO) has been pursuing an own-and-operate model, providing more operational control. However, it involves greater financial risks and significant capital intensity. The U.S. Secretary of the Interior, Doug Burgum, believes that Oklo Inc. (NYSE:OKLO)’s Aurora powerhouse is expected to deliver clean, affordable, and reliable American energy to power a new generation of intelligence manufacturing. With advancements in AI fueling electricity demands, such projects remain critical to make sure the US can meet the needs and remain at the forefront.

While we acknowledge the potential of OKLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.