Analyst Vikram Bagri of Citi maintained a Hold rating on Oklo Inc, retaining the price target of $68.00.
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Vikram Bagri has given his Hold rating due to a combination of factors impacting Oklo Inc. The company has made significant strides in its strategic initiatives, including signing a construction agreement with Kiewit and progressing on its NRC application. Additionally, Oklo has started site characterization for Atomic Alchemy and announced new partnerships, which are positive developments.
However, financial results have been less favorable, with higher operating expenses leading to an EBIT and EPS that missed estimates. The company’s cash position has improved, but the licensing process remains in its early stages, with many technical and safety documents yet to be completed. These mixed signals contribute to the Hold rating, as the potential for growth is balanced by ongoing financial and regulatory challenges.