Core Viewpoint - Oklo, Inc. has entered into an equity distribution agreement to offer up to $1.5 billion of common stock, leading to a decline in its stock price during extended trading hours [1][2]. Group 1: Stock Performance - Oklo's stock fell 7.26% to $103.54 in Thursday's extended trading after the announcement, despite having climbed over 15% during the regular session earlier that day [3]. - Year-to-date, Oklo's stock has increased by 410.98%, indicating significant growth compared to the average stock market return of approximately 10% per year [5]. Group 2: Analyst Insights - Wall Street analysts have set an average 12-month price target of $132.22 for Oklo, with the highest target at $175 and the lowest at $95. The majority of analysts have positive or neutral ratings, with no negative ratings reported [4]. - Recent adjustments in price targets by four analysts suggest that there may be further upside potential for Oklo's stock [5].
Oklo Stock Drops After $1.5 Billion Offering: Details