Oklo Inc. (OKLO), a nuclear technology firm, received coverage from the largest U.S. investment bank, JPMorgan (JPM), for the first time on May 11, 2026. Jeremy Tonet, the bank’s Managing Director and senior equity research analyst, assigned OKLO a Neutral rating with an $83.00 price target. At the time, the stock was trading at $72.51, making the new target a modest upside from its then-current price.
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Oklo’s Nuclear Pipeline Wins JPMorgan Coverage
JPMorgan’s outlook on Oklo was driven by the firm’s strong growth potential in the small modular reactor (SMR) market. The bank believes it is well-positioned as electricity demand is set to rise sharply due to data center growth, U.S. factory reshoring, and wider use of electric power.
JPMorgan’s view centers on Oklo’s main product, called the Aurora reactor, a platform built on advanced liquid-metal technology. Using this system, the firm has mapped out a potential 15.2-gigawatt (GW) pipeline tied to future deals with AI data centers, defense, and industrial firms.
However, JPMorgan noted that Oklo is still moving from building its product to launching projects, while also trying to turn early power deals into binding contracts. The bank also said it wants more evidence that Oklo can achieve real market success before increasing its confidence in the stock. The $83 price target is in effect through December 2026.
JPMorgan’s OKLO Price Target Trails Wall Street
JPMorgan’s $83.00 price target sits well below what other firms on Wall Street expect for OKLO. Ivan Feinseth, an analyst at Tigress Financial Partners, an independent research firm, started coverage with a Buy rating and a $130.00 target, citing Oklo’s unique reactor design and fuel-cycle tech as key strengths.
Texas Capital Securities (TCBI), a full-service investment bank, also maintained its Buy rating and $120.00 target price, citing Oklo’s recent regulatory approval. That puts the gap between JPMorgan and its peers at $37-$47, making the bank the most cautious voice on the stock right now.
JPMorgan’s ties to Oklo, however, go beyond its coverage. Back in June 2025, the bank served as one of the book-running managers for Oklo’s $400 million public stock offering, joining Goldman Sachs (GS), Bank of America Securities (BAC), and Citigroup (C) on the deal.
Is Oklo Still a Good Stock to Buy?
According to TipRanks data, OKLO has a Moderate Buy rating from 16 Wall Street analysts over the past 3 months. Among these analysts, 10 rate the stock a Buy, 6 assign a Hold, and none suggest a Sell. The latest updates come from analyst Tonet, who initiated a Hold, and from Eric Stine of Craig-Hallum, who reiterated a Hold on May 8. Meanwhile, analysts’ 12-month average price targets for OKLO stand at $92.38, implying about 38% upside from current levels.
