Oklo price target lowered to $65 from $91 at Goldman Sachs

Goldman Sachs analyst Brian Lee lowered the firm’s price target on Oklo (OKLO) to $65 from $91 and keeps a Neutral rating on the shares. Oklo reported Q4 results with higher-than-expected opex but met its 2025 adjusted operating cash use guidance, while guiding to significantly higher 2026 capex of $350M-$450M as it advances regulatory approvals alongside construction, the analyst tells investors in a research note. With liquidity increased to about $2.6B following additional capital raised in 1Q26, the company appears well funded to progress its assets, including targeting its first reactor online in 2028, the firm says.