Fintel reports that on December 19, 2024, Wedbush initiated coverage of Oklo (NYSE:OKLO) with a Outperform recommendation.
Analyst Price Forecast Suggests 3.77% Upside
As of December 3, 2024, the average one-year price target for Oklo is $21.76/share. The forecasts range from a low of $10.10 to a high of $28.35. The average price target represents an increase of 3.77% from its latest reported closing price of $20.97 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual non-GAAP EPS is -0.31.
What is the Fund Sentiment?
There are 151 funds or institutions reporting positions in Oklo. This is an increase of 32 owner(s) or 26.89% in the last quarter. Average portfolio weight of all funds dedicated to OKLO is 0.38%, an increase of 24.40%. Total shares owned by institutions increased in the last three months by 22.93% to 49,335K shares. 
The put/call ratio of OKLO is 0.50, indicating a bullish outlook.
What are Other Shareholders Doing?
Data Collective IV GP holds 6,921K shares representing 5.67% ownership of the company. No change in the last quarter.
Encompass Capital Advisors holds 6,459K shares representing 5.29% ownership of the company. In its prior filing, the firm reported owning 5,716K shares , representing an increase of 11.50%. The firm decreased its portfolio allocation in OKLO by 2.80% over the last quarter.
MIRAE ASSET GLOBAL ETFS HOLDINGS holds 4,855K shares representing 3.98% ownership of the company.
Tiger Global Management holds 3,057K shares representing 2.50% ownership of the company. No change in the last quarter.
Alyeska Investment Group holds 2,763K shares representing 2.26% ownership of the company. In its prior filing, the firm reported owning 1,010K shares , representing an increase of 63.44%. The firm increased its portfolio allocation in OKLO by 133.27% over the last quarter.
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This story originally appeared on Fintel.
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