Wedbush raises Oklo PT on federal support, AI energy demand
Wedbush raises price target for Sam Altman-backed nuclear technology firm Oklo OKLO.N to $80 from $75
New PT represents an upside of 11.3% to the stocks' last close on Monday
Brokerage says recent U.S. initiatives offer strong support for nuclear, accelerating OKLO's timeline via funding and streamlined regulation
"The Trump Administration continues to go all in on AI which will significantly increase the need for computing power which is expected to skyrocket over the next 5-10 years" - Wedbush
It adds the AI data center growth is driving clean energy demand, OKLO's build-own-operate model offer recurring revenue and a strong edge in the energy market
Brokerage H.C. Wainwright also raises PT to $90 from $55
Nine out of 13 brokerages rate stock "buy" or higher, 3 "hold" and 1 "sell"; with a median PT of $69.50, according to data compiled by LSEG
As of last close, OKLO shares up nearly 239% YTD
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