Oklo Stock Faces Price Target Pressure as Goldman Sachs Initiates Coverage
Oklo Inc. (NYSE: OKLO), an innovator in advanced nuclear technology, is under the spotlight following Goldman Sachs’ initiation of coverage with a “Neutral” rating and a $117 price target. This development arrives amidst a flurry of activity surrounding the company, including leadership changes, a proposed public offering, and progress toward a power purchase agreement with the U.S. Air Force, all contributing to a complex outlook for the stock.
The Goldman Sachs’ rating acknowledges Oklo’s advancements in developing its Aurora Powerhouse, a sodium-cooled fast fission nuclear reactor, targeting commercialization by late 2027 or early 2028. However, the firm also points out the substantial financial risks associated with Oklo’s…
