H.C. Wainwright analyst Sameer Joshi reiterated a Buy rating on Oklo Inc today and set a price target of $90.00.
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Sameer Joshi has given his Buy rating due to a combination of factors, highlighting Oklo Inc’s progress in advancing its plutonium-fueled fast reactor technology and milestones achieved under the Department of Energy’s Reactor Pilot Program. Significant achievements include Oklo’s multi-day plutonium reactor testing with Los Alamos National Laboratory and the approval of key safety documentation for the Aurora Fuel Fabrication Facility, marking crucial steps toward derisking its technology and expediting its commercial licensing pathway.
The company’s ambitious long-term business plan, which includes the deployment of its Aurora powerhouses to generate electricity, the fabrication and sale of HALEU fuel, and the commercialization of radioisotopes, also supports the Buy rating. Revenue projections reflect exponential growth, with expectations to reach over $21 billion by 2038, supported by a strong gross margin outlook once its facilities are operational. The analyst’s discounted cash flow model further solidifies confidence in Oklo’s potential, yielding a price target of $90 after accounting for execution risks.
In another report released on December 8, Seaport Global also upgraded the stock to a Buy with a $150.00 price target.