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Why Oklo Stock Popped Today
Yahoo Finance· 2025-10-09 16:14
Group 1 - Canaccord Genuity initiated coverage of Oklo with a buy rating and a price target of $175 for the stock currently priced at $137, indicating strong confidence in the company's future despite its current lack of revenue [3][7] - Canaccord's long-term outlook extends to 2050, predicting a significant increase in nuclear energy's share of the global energy mix, with Oklo positioned to play a major role in this emerging nuclear age [3] - Oklo currently has $530 million in cash, but analysts warn that its cash burn rate could accelerate, potentially leading to a cash consumption of $1.5 billion over the next five years, which exceeds its current cash reserves [4][5] Group 2 - Despite the optimistic outlook from Canaccord, other analysts suggest that Oklo may face significant financial challenges before it can achieve profitability, which is not expected until 2030 [4][7] - The Motley Fool Stock Advisor has identified ten stocks they believe are better investment opportunities than Oklo, indicating a competitive landscape for investors [8]