Oklo (OKLO) Gets 6.4% Boost from Bullish Rating, Higher PT

We recently published 10 Stocks Crushing Wall Street’s Wildest Expectations. Oklo Inc. (NYSE:OKLO) is one of the best performers on Thursday.

Shares of Oklo Inc. (NYSE:OKLO) jumped by 6.41 percent on Thursday to close at $77.89 apiece, as investors continued to seek path from an analyst’s bullish rating and higher price target for its stock.

In its initial coverage of the stock, Bank of America gave a “buy” recommendation on Oklo Inc. (NYSE:OKLO) with a price target of $92, on expectations that the company will continue to benefit from the booming artificial intelligence sector. The figure marked an 18-percent upside from its latest closing price.

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According to the investment firm, while Oklo Inc.’s (NYSE:OKLO) “build-own-operate” model is more capital-intensive than its peers, it remains advantageous given its capability to deliver fully wrapped and bankable power purchase agreements while retaining full independent power producer economics.

BofA said it expects Oklo Inc. (NYSE:OKLO) to achieve 13 percent of unlevered IRR for its first 75 MW projects, while next deployments could hit 26 percent IRRs through supply chain scale and cost efficiencies.

Looking ahead, BofA expects the nuclear firm to deliver 60 percent in EBITDA margins, far beyond the mid-teen levels typical across the sector.