Wedbush analyst Daniel Ives reiterated an Outperform rating and $110.00 price target on Oklo (NYSE: OKLO).

The analyst comments "Oklo continues to stand out within the rapidly developing nuclear industry from competition with its attractive build, own, and operate business model which in turn will provide long-term recurring revenues and a more streamlined regulatory process. With the AI Revolution underway, the industry will need roughly a tenfold increase in computing power by 2030 which takes up a tremendous amount of energy and we believe that OKLO will become a long-term winner in the nuclear energy buildout taking place."

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Shares of Oklo closed at $65.88 yesterday.