Oklo Stock Surges on Bullish Analyst Sentiment Amid Favorable Regulatory Outlook
Oklo shares rebounded sharply Wednesday, climbing 6.1% after a recent dip, as investors digested a wave of optimistic analyst coverage. The nuclear energy startup saw its price targets nearly double at major firms, with Daiwa Capital upgrading to 'outperform' and Citigroup significantly raising its target.
Daiwa's $86 price projection - suggesting 13.9% upside from Friday's close - hinges on expectations of regulatory tailwinds and the company's distributed power solutions. Analysts highlight Oklo's potential to alleviate grid congestion challenges, though the stock remains volatile with intraday swings exceeding 2 percentage points.