Investing

Add as a preferred source on Google

Canaccord Cuts Oklo Share Target by $34 to $66 After Results

Oklo issued third-quarter results and a business update Nov. 6. Binance's OKLOUSDT futures contract was quoted at $23.35 Nov. 9.

Updated 1 min read
Earthmoving equipment stands beside the planned Aurora powerhouse site at Idaho National Laboratory near Idaho Falls. (AI-generated image / EconoTimes)
Earthmoving equipment stands beside the planned Aurora powerhouse site at Idaho National Laboratory near Idaho Falls. (AI-generated image / EconoTimes)

Canaccord Genuity lowered its target for Oklo shares from $100 to $66 on Nov. 9, a $34 reduction after the company issued third-quarter results and a business update Nov. 6.

A Binance snapshot priced the OKLOUSDT futures contract at $23.35 on Nov. 9. The instrument is a futures contract, and its quote does not represent Oklo shares. In Binance's Nov. 9 reading at 4 a.m. ET (09:00 UTC), long positioning appeared in 62.9% of accounts with OKLOUSDT positions and 67.8% of top-trader accounts. The percentages show account direction, not position size.

Other brokerage calls set different benchmarks for Oklo shares. Truist kept its Hold rating and $31 target after the results. Wedbush added Oklo to its coverage list Nov. 3, pairing a $36 target with an Outperform rating. EconoTimes previously covered Wedbush’s ratings for Oklo and other reactor companies.

Related articles

View all