Citigroup Has Lowered Expectations for Oklo (NYSE:OKLO) Stock Price

Oklo (NYSE:OKLO) had its price target lowered by Citigroup from $31.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also weighed in on OKLO. B. Riley boosted their price target on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Craig Hallum initiated coverage on shares of Oklo in a research note on Tuesday, January 28th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Oklo in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Oklo currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

Oklo Trading Down 6.9 %

Shares of OKLO opened at $28.77 on Tuesday. Oklo has a 12 month low of $5.35 and a 12 month high of $59.14. The stock has a fifty day moving average price of $36.13 and a 200-day moving average price of $24.36.

Institutional Investors Weigh In On Oklo

Institutional investors and hedge funds have recently modified their holdings of the company. DRW Securities LLC purchased a new position in Oklo during the 3rd quarter worth approximately $404,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Oklo in the 3rd quarter valued at $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo in the third quarter worth $104,000. Portland Investment Counsel Inc. purchased a new position in shares of Oklo during the third quarter worth $6,493,000. Finally, Atom Investors LP purchased a new stake in Oklo in the third quarter valued at $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.