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Canaccord Genuity Initiates Buy Rating on Oklo with $175 Price Target
Canaccord Genuity Initiates Buy Rating on Oklo with $175 Price Target
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BTCCSquare news:
Nuclear reactor builder Oklo saw its stock rise 2.4% following Canaccord Genuity's bullish initiation. The analyst firm set a $175 price target on the $137 stock, projecting a long-term play in the emerging nuclear energy sector.
Canaccord's 2050 horizon overlooks near-term revenue challenges, focusing instead on Oklo's vertical integration and modular reactor strategy. The company's $530 million war chest faces scrutiny as cash burn rates may accelerate before projected 2030 profitability.
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