Oklo (NYSE:OKLO) Price Target Lowered to $10.00 at Citigroup

Oklo (NYSE:OKLO) had its price objective lowered by stock analysts at Citigroup from $11.00 to $10.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 20.41% from the stock’s current price.

Several other analysts have also issued reports on the company. Seaport Res Ptn raised Oklo to a “hold” rating in a report on Friday, September 6th. B. Riley initiated coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price objective on the stock.

Oklo Price Performance

OKLO traded down $0.01 during trading on Tuesday, hitting $8.31. The stock had a trading volume of 7,131,093 shares, compared to its average volume of 2,269,420. The stock has a 50 day simple moving average of $7.33. Oklo has a one year low of $5.35 and a one year high of $18.80.

Oklo (NYSE:OKLO) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($5.17) EPS for the quarter. Equities analysts anticipate that Oklo will post -0.54 earnings per share for the current fiscal year.

Oklo Company Profile

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.