UBS Starts Oklo (OKLO) at Neutral

UBS analyst Jon Windham initiates coverage on Oklo (NYSE: OKLO) with a Neutral rating and a price target of $65.00.

The analyst comments: "We initiate coverage of Oklo Inc. with a Neutral rating and $65 PT. Our Neutral rating is underpinned by (1) our market sizing work showing OKLO's substantial TAM and profit potential of ~$75bn/yr and ~70% EBITDA margins, balanced by (2) the early-stage nature of SMR technology, risks inherent in nuclear project development, and elevated valuations across the broader nuclear space. We remain cautiously optimistic on the potential for a broader U.S. nuclear infrastructure build-out as we await further commercialization progress."

For an analyst ratings summary and ratings history on Oklo click here. For more ratings news on Oklo click here.

Shares of Oklo closed at $65.41 yesterday.

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