Canaccord Genuity Group Issues Pessimistic Forecast for Oklo (NYSE:OKLO) Stock Price

Key Points

• Canaccord Genuity cut its Oklo price target from $100 to $66 but maintained a Buy rating; the new target implies 146.3% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $67.83, though several firms have lowered targets or assigned Hold/Neutral ratings.
• Oklo shares rose 13.8% to $26.80 on Monday. Its latest quarter also beat estimates, with a loss of $0.22 per share versus the $0.27 expected and revenue of $1.86 million versus $1.03 million expected.

Oklo (NYSE:OKLO - Get Free Report) had its target price decreased by stock analysts at Canaccord Genuity Group from $100.00 to $66.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 146.30% from the company's previous close.

A number of other research firms have also weighed in on OKLO. Truist Financial dropped their price objective on Oklo from $51.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, October 22nd. UBS Group decreased their target price on shares of Oklo from $55.00 to $41.00 and set a "neutral" rating on the stock in a research note on Friday, September 25th. TD Cowen began coverage on shares of Oklo in a report on Monday, October 26th. They set a "hold" rating and a $26.00 price target for the company. Piper Sandler dropped their price target on shares of Oklo from $55.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Finally, Barclays dropped their price target on shares of Oklo from $76.00 to $59.00 and set an "overweight" rating for the company in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.83.

Oklo Stock Up 13.8%

Shares of NYSE OKLO traded up $3.25 during midday trading on Monday, reaching $26.80. The company had a trading volume of 9,819,490 shares, compared to its average volume of 11,102,567. The stock has a market cap of $4.98 billion, a PE ratio of -27.91 and a beta of 1.31. Oklo has a one year low of $18.53 and a one year high of $117.44. The firm's fifty day moving average price is $33.56 and its 200-day moving average price is $52.36.

Oklo (NYSE:OKLO - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.05. The company had revenue of $1.86 million for the quarter, compared to the consensus estimate of $1.03 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. As a group, equities research analysts expect that Oklo will post -1.00 EPS for the current year.

Insider Buying and Selling at Oklo

In other news, Director John M. Jansen sold 6,354 shares of Oklo stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $36.67, for a total value of $233,001.18. Following the sale, the director directly owned 6,000 shares in the company, valued at approximately $220,020. This trade represents a 51.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Carroll Murphy Goodwin sold 11,592 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $39.77, for a total value of $461,013.84. Following the transaction, the insider directly owned 45,268 shares in the company, valued at $1,800,308.36. This trade represents a 20.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 350,203 shares of company stock worth $12,424,945 over the last three months. 12.70% of the stock is owned by corporate insiders.

Institutional Trading of Oklo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in shares of Oklo by 344.6% in the first quarter. Sei Investments Co. now owns 50,096 shares of the company's stock worth $2,484,000 after acquiring an additional 38,829 shares during the period. Bank of America Corp DE boosted its position in Oklo by 55.3% in the first quarter. Bank of America Corp DE now owns 620,281 shares of the company's stock worth $30,760,000 after purchasing an additional 220,976 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Oklo during the 2nd quarter valued at about $2,096,000. Optiver Holding B.V. purchased a new stake in shares of Oklo during the 1st quarter valued at about $2,414,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Oklo during the 2nd quarter valued at about $24,532,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Key Headlines Impacting Oklo

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: H.C. Wainwright reiterated its Buy rating and $90 price target, while Wedbush reaffirmed Outperform with a $36 target. The ratings may support investor confidence, though analyst targets are not guarantees. H.C. Wainwright’s $90 Target Says Oklo’s Selloff Went Too Far Wedbush rating
• Positive Sentiment: Oklo reported a smaller-than-expected Q3 loss and revenue above estimates. On its earnings call, management highlighted reactor construction, fuel fabrication and isotope-production plans, with $3.1 billion in liquidity to fund development. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
• Positive Sentiment: The company secured U.S. forging capacity for components supporting 27 planned Aurora reactor modules, helping reduce potential supply-chain bottlenecks and support repeatable construction. Capacity is reserved through 2035, with deliveries expected to begin in 2030. Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
• Positive Sentiment: Wedbush said Oklo is shifting from design toward execution, citing progress with its Groves-1 test reactor. Oklo Seeing Solid Execution as it Shifts From Design, Wedbush Says
• Negative Sentiment: Licensing and deployment remain key risks, while the long lead time for forged components means the manufacturing agreement does not translate into near-term reactor deliveries. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans

Oklo Company Profile

Oklo Inc develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet.

The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.

Founded in 2013, Oklo is headquartered in Santa Clara, California.

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