Oklo Price Target Cut $15 to $91 Despite 10.9% Weekly Drop; High Short Interest
Goldman Sachs cut Oklo’s price target by $15 from $106 to $91 while maintaining a neutral rating, even as the stock plunged 10.9% over the previous week. Separately, Oklo was flagged among 18 growth names with elevated short interest as of Dec. 15, falling 1.6% in the latest session.
1. Goldman Sachs Cuts Price Target to $91
Goldman Sachs lowered Oklo’s price target by $15, from $106 to $91, while retaining a neutral rating. The adjustment reflects concerns that rising uranium spot prices will increase nuclear fuel costs, potentially dampening demand for Oklo’s small modular reactors, yet still implies over 37% upside from current levels.
2. Sharp Weekly Share Decline
Oklo’s share price fell 10.9% between February 3 and February 10, placing it among the largest weekly decliners in the energy sector. This drop underscores investor caution ahead of the company’s forthcoming Q4 earnings report.
3. Elevated Short Interest Highlights Squeeze Potential
In a separate screening, Oklo was named one of 18 growth stocks with significant short interest based on December 15 reporting. The stock slid 1.55% during the screening session, marking it as a candidate for potential short-covering if bearish positions are unwound.