Goldman Sachs Lowers its Price Target on Oklo Inc. (OKLO) to $65 from $91

Core Insights - Oklo Inc. (NYSE:OKLO) is recognized as one of the top nuclear energy stocks to invest in, despite recent adjustments in price targets by analysts [1][2][3] Financial Performance - Goldman Sachs reported that Oklo's FY25 EPS was (72 cents), which was below the consensus estimate of (62 cents) [3] - Operating expenses for Oklo reached $139.294 million, a significant increase from $52.801 million in the previous year [3] Analyst Ratings and Price Targets - Goldman Sachs lowered its price target for Oklo to $65 from $91 while maintaining a Neutral rating, citing higher-than-expected operating expenses [1][3] - B. Riley also reduced its price target for Oklo to $92 from $129 but maintained a Buy rating, highlighting progress in various business segments [2] Capital and Liquidity - Oklo's liquidity improved to approximately $2.6 billion following capital raised in Q1, which positions the company for further development [1] - B. Riley noted that Oklo exited the quarter with $1.4 billion in cash and raised an additional $1.2 billion post-quarter [2] Future Outlook - Oklo is targeting a significant increase in capital expenditures for 2026, estimated between $350 million to $450 million, as it advances regulatory approvals and construction [1][2] - The company aims to have its first reactor operational by 2028 [1]