Citi keeps a Neutral rating on Oklo (OKLO) with a $30 price target following the Q1 report. The company has “made progress on all fronts,” but there were no large customer wins, which may weigh on the stock given the recent outperformance, the analyst tells investors in a research note. The firm believes headway is being made for the company to license a commercial fuel fabrication site. It notes that the company’s first reactor deployment timeframe remains late 2027 or early 2028.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OKLO:
- Hold Rating for Oklo Inc: Balancing Progress with Regulatory and Supply Chain Challenges
- OKLO Earnings: Oklo Reports Mixed Results and Announces Chief Technology Officer
- Oklo reports Q1 EPS (7c), consensus (10c)
- Oklo names Pat Schweiger as Chief Technology Officer
- Oklo Inc options imply 9.9% move in share price post-earnings