BUZZ-Oklo rises; BofA says Meta deal signals 'meaningful step forward'

Reuters
2026.01.21 16:19
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Shares of Oklorose 3.5% to $93.06 after BofA Securities upgraded its rating to "buy" from "neutral". This follows Oklo's agreement with Meta to develop a 1.2 GW advanced nuclear campus, with Meta prepaying $25 million for phase 1. BofA raised the price target to $127 from $111, noting Oklo's transition to an "actively financed" development pipeline. Currently, 13 of 19 brokerages rate the stock as "buy" or higher, with a median price target of $124.50. Oklo shares have more than tripled in 2025.