Analyst Vikram Bagri of Citi maintained a Hold rating on Oklo Inc, with a price target of $68.00.
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Vikram Bagri’s rating is based on a combination of factors that influence Oklo Inc’s current market position and future prospects. The company’s shift towards utilizing the Department of Energy’s (DOE) authorization for its Aurora reactor project suggests a strategic pivot that could delay initial commercialization beyond the previously planned timeline. This change, coupled with a lack of significant growth in the project pipeline, might not meet some investor expectations.
Despite these challenges, the DOE pathway offers a higher likelihood of obtaining necessary licensing due to the operational data from Aurora-INL and the DOE’s review process. Additionally, while the company’s financial results for the third quarter showed higher operating expenses and a larger loss than anticipated, the reaffirmation of fiscal year 2025 cash flow guidance and the substantial cash reserves provide some financial stability. These elements together contribute to the Hold rating, reflecting a cautious outlook given the potential risks and opportunities ahead.
In another report released today, Bank of America Securities also maintained a Hold rating on the stock with a $111.00 price target.