Oklo Inc (OKLO) Stock Forecast & Price Target

Oklo Inc. has experienced a notable stock increase of approximately 305% over the trailing twelve months, significantly outperforming its peers in the small modular reactor and nuclear services sectors, which averaged a mere 5% gain. The company's financial position is robust, with approximately $1.2 billion in cash and marketable securities as of September 30, 2025, bolstered by a successful $540 million equity raise through its at-the-market program. Additionally, escalating policy support, increasing commercial interest from data-center operators, and strategic advancements in fuel fabrication and recycling suggest a promising outlook for Oklo’s proprietary liquid metal fast reactor technology and its potential for long-term margin expansion.

Oklo Inc. faces significant risks related to the execution of its first-of-a-kind (FOAK) projects, as even minor capital overages or scheduling delays could substantially decrease the internal rate of return (IRR), thereby impacting financial viability. The absence of publicly disclosed construction contracts and performance guarantees raises concerns about potential delays and increased financing needs, ultimately putting additional pressure on the company’s balance sheet. Furthermore, Oklo's reliance on fuel recycling services introduces risks of cost inflation which could force the company to lower its margins and deter customer adoption, thereby hindering long-term earnings power.