Core Viewpoint - Oklo's stock has experienced a significant decline of 18.3% this week, attributed to a cautious research note from Goldman Sachs and notable insider selling [1][2]. Company Analysis - Goldman Sachs initiated coverage of Oklo with a neutral rating, indicating that the company's business strategy requires "de-risking" and that its stock valuation has exceeded realistic expectations [2][6]. - The bank set a price target of $117 per share, which initially represented a downside but has since become an upside target as the stock has fallen over 23% since the note's release [3][6]. - Insider selling has been substantial, with the CEO and CFO selling over $12 million worth of shares, raising concerns about the company's internal confidence [5][6]. Market Valuation - Oklo's market capitalization exceeds $16 billion, which is considered high given that its technology remains unproven and the company is still pre-revenue [6]. - Despite the current valuation concerns, there is a belief that for investors with a higher risk tolerance, Oklo could still represent a solid investment opportunity due to the growing interest in nuclear energy [7].
Why Did Oklo Stock Plummet 18.3% This Week?