Oklo price target lowered to $10 from $11 at Citi

Citi lowered the firm’s price target on Oklo to $10 from $11 and keeps a Neutral rating on the shares after meeting with CFO Craig Bealmear. Oklo is continuing its dialogue with the NRC as it works toward a pre-application readiness assessment later this year, but “there are a few moving pieces,” says the firm, which says that it appears that the first powerhouse should come online toward the end of 2027. The firm “conservatively” models a first deployment in 2028 and has tempered its estimated pace of powerhouse deployments, the analyst tells investors.