Canaccord Genuity Group lowered its price target for Oklo Inc. to $100.00 from $125.00 but maintained its "buy" rating on the stock. The new target still suggests a substantial potential upside of approximately 107% from the company's recent trading price.
This analyst action follows Oklo's second-quarter earnings report from August 7, where the company announced it missed earnings per share estimates but significantly beat revenue expectations. Oklo also updated investors on operational progress, including achieving first criticality at its Groves facility. The company raised its spending guidance for 2026 to support its project timelines.