Wedbush analyst Dan Ives on Friday lifted Oklo Inc. (NYSE:OKLO)’s stock price target to $55 from $45, while maintaining an Outperform rating on its shares. The revised price target reflects the analyst’s positive outlook for the company, given its strategic positioning in the nuclear energy sector.
Ives praised Oklo Inc.’s business model, under which it sells power directly to customers through long-term agreements. He believes this approach puts the company in a strong place to generate sustained revenue and mitigate challenges emerging in the sector.
The analysts also see an opportunity for Oklo Inc. to grow in the small modular reactor (SMR) space, amid a surge in demand for energy to support data creation, storage, and processing.
Oklo Inc.’s shares soared 23% on Friday to close at $48.87, after President Trump signed a series of executive orders to streamline the construction of new reactors in the country.
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