Oklo Q3 update may disappoint investors, says Citi

Citi keeps a Neutral rating on Oklo (OKLO) with a $68 price target following the company’s Q3 report. While Oklo still expects first reactor to begin operations in 2027 or 2028, its new focus on utilizing Department of Energy authorization could push the plan out further, the analyst tells investors in a research note. Citi believes investors may be disappointed by this news when combined with a lack of sequential pipeline growth. Oklo shares in premarket trading are up 3% to $107.31.