Oklo (OKLO) PT Raised to $68 at Citi

Citi analyst Vikram Bagri raised the price target on Oklo (NYSE: OKLO) to $68.00 (from $30.00) while maintaining a Neutral rating.

The analyst comments "We are updating our model to incorporate the larger reactor design that is more NPV accretive. While details are scarce, our assumptions imply an NPV of ~$3.3/sh per 75MW NOAK reactor. Our TP increases to $68/sh, which includes ~14GW of reactors operational by YE2040. This compares to a pipeline of more than ~14GW. It appears the market is essentially giving full credit for Oklo’s pipeline, which means any announcement regarding a partnership with OpenAI would drive the stock higher."

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