Oklo Q1 shows solid progress on strategic vision, says Wedbush

Wedbush analyst Daniel Ives keeps an Outperform rating on Oklo (OKLO) with a $45 price target following last night’s Q1 report. The company provided updates as the artificial intelligence datacenter buildout continues to increase despite an uncertain macro backdrop with the need for computing power expected to “skyrocket” over the next 5-10 years, the analyst tells investors in a research note. The firm says this will take up a “tremendous amount of energy,” opening the door for Oklo’s solution. Oklo “continues to differentiate itself from competition with its attractive build, own, and operate business model which in turn provide long-term recurring revenues and a streamlined regulatory pathway,” contends Wedbush. The firm believes the company is making solid progress on its strategic vision into 2026 and beyond.