Canaccord Genuity Group Issues Pessimistic Forecast for Oklo (NYSE:OKLO) Stock Price

Oklo (NYSE:OKLO) had its target price cut by analysts at Canaccord Genuity Group from $100.00 to $66.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 146.30% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Oklo in a research report on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $90.00 price objective on shares of Oklo in a research report on Monday. Wedbush reiterated an “outperform” rating and set a $36.00 price objective on shares of Oklo in a research note on Monday. Piper Sandler reduced their target price on shares of Oklo from $55.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, TD Cowen initiated coverage on shares of Oklo in a research note on Monday, October 26th. They set a “hold” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.83.

Oklo Price Performance

Shares of NYSE:OKLO traded up $3.25 during midday trading on Monday, hitting $26.80. The company had a trading volume of 9,819,490 shares, compared to its average volume of 11,102,567. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -27.91 and a beta of 1.31. Oklo has a 12-month low of $18.53 and a 12-month high of $117.44. The company has a fifty day moving average of $33.56 and a two-hundred day moving average of $52.36.

Oklo (NYSE:OKLO) last announced its earnings results on Friday, November 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.05. The company had revenue of $1.86 million during the quarter, compared to the consensus estimate of $1.03 million. During the same period in the prior year, the business posted ($0.20) earnings per share. Research analysts expect that Oklo will post -1.00 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Oklo news, CFO Richard Bealmear sold 16,727 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $25.55, for a total value of $427,374.85. Following the completion of the sale, the chief financial officer owned 467,261 shares in the company, valued at approximately $11,938,518.55. This represents a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alexandra Renner sold 1,068 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $26.71, for a total value of $28,526.28. Following the sale, the insider directly owned 593,750 shares in the company, valued at approximately $15,859,062.50. This represents a 0.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 350,203 shares of company stock worth $12,424,945 in the last three months. 12.70% of the stock is owned by company insiders.

Institutional Trading of Oklo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in Oklo in the 2nd quarter worth approximately $24,532,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Oklo in the 3rd quarter worth approximately $11,483,000. United Capital Management of KS Inc. purchased a new stake in Oklo during the 3rd quarter valued at approximately $9,406,000. Bank of America Corp DE grew its holdings in Oklo by 55.3% during the 1st quarter. Bank of America Corp DE now owns 620,281 shares of the company’s stock valued at $30,760,000 after buying an additional 220,976 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Oklo by 48.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 371,761 shares of the company’s stock valued at $13,763,000 after buying an additional 121,438 shares in the last quarter. Institutional investors own 85.03% of the company’s stock.

Key Oklo News

Here are the key news stories impacting Oklo this week:

• Positive Sentiment: H.C. Wainwright reiterated its Buy rating and $90 price target, while Wedbush reaffirmed Outperform with a $36 target. The ratings may support investor confidence, though analyst targets are not guarantees. H.C. Wainwright’s $90 Target Says Oklo’s Selloff Went Too Far Wedbush rating
• Positive Sentiment: Oklo reported a smaller-than-expected Q3 loss and revenue above estimates. On its earnings call, management highlighted reactor construction, fuel fabrication and isotope-production plans, with $3.1 billion in liquidity to fund development. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans
• Positive Sentiment: The company secured U.S. forging capacity for components supporting 27 planned Aurora reactor modules, helping reduce potential supply-chain bottlenecks and support repeatable construction. Capacity is reserved through 2035, with deliveries expected to begin in 2030. Oklo Secures U.S. Forging Capacity for Future Aurora Expansion
• Positive Sentiment: Wedbush said Oklo is shifting from design toward execution, citing progress with its Groves-1 test reactor. Oklo Seeing Solid Execution as it Shifts From Design, Wedbush Says
• Negative Sentiment: Licensing and deployment remain key risks, while the long lead time for forged components means the manufacturing agreement does not translate into near-term reactor deliveries. OKLO Q3 Earnings Call Highlights Reactor and Fuel Expansion Plans

About Oklo

Oklo Inc develops advanced nuclear fission power plants designed to provide reliable, carbon-free electricity. Its Aurora powerhouse concept uses fast-reactor technology and is designed to operate with metallic fuel, including fuel derived from recycled nuclear material. Oklo is developing its technology and has not yet established a commercial operating fleet.

The company plans to supply electricity through long-term power agreements rather than relying solely on equipment sales. Its prospective customers include data centers, industrial facilities, and other users seeking dependable power, with its development efforts focused primarily on the United States.

Founded in 2013, Oklo is headquartered in Santa Clara, California.