Oklo Inc. (NYSE:OKLO) Receives $15.33 Average Target Price from Analysts

Oklo Inc. (NYSE:OKLO) has been given a consensus recommendation of “Moderate Buy” by the four analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.33.

OKLO has been the topic of several research analyst reports. B. Riley started coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price on the stock. Seaport Res Ptn raised Oklo to a “hold” rating in a research report on Friday, September 6th. Citigroup decreased their price target on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Wedbush began coverage on shares of Oklo in a report on Thursday. They issued an “outperform” rating and a $26.00 price objective on the stock.

Oklo Stock Performance

OKLO stock opened at $21.52 on Thursday. The company’s fifty day simple moving average is $20.73 and its 200 day simple moving average is $12.50. Oklo has a 12-month low of $5.35 and a 12-month high of $28.12.

Institutional Investors Weigh In On Oklo

Several large investors have recently bought and sold shares of OKLO. Peapack Gladstone Financial Corp purchased a new stake in Oklo during the 3rd quarter valued at $100,000. Sanctuary Advisors LLC purchased a new stake in Oklo during the 3rd quarter valued at $100,000. Barclays PLC purchased a new position in shares of Oklo in the 3rd quarter worth $58,000. Geode Capital Management LLC purchased a new stake in Oklo during the third quarter valued at $5,971,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Oklo in the third quarter valued at about $94,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

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.