Oklo price target lowered to $111 from $117 at BofA

BofA lowered the firm’s price target on Oklo (OKLO) to $111 from $117 and keeps a Neutral rating on the shares. Though a “constructive” Q3 update delivered meaningful progress on fuel de-risking and regulatory milestones, key investor debates around first-of-a-kind capex and power purchase agreement timing remain unresolved, the analyst tells investors. The firm’s lower target reflects updated peer multiples and a higher share count following the $540M ATM offering.