Oklo price target raised to $74 from $50 at CLSA

CLSA raised the firm’s price target on Oklo (OKLO) to $74 from $50 and keeps an Outperform rating on the shares. The Trump Administration’s three executive orders for the U.S. nuclear energy industry that provide guidelines for specific aspects of the nuclear value chain are “impressive,” says the firm, which believes elevated multiples are warranted in the space given that the orders provide “clarity and goalposts that were previously untenable.” Following Trump’s nuclear orders, the firm is increasing the expected share in the three segments of power sales, fuel recycling, and radioisotope sales, and assuming Oklo can capture 10%, 25% and 3% of sales in each of these markets by 2034, the analyst tells investors.