Oklo Inc (OKLO) Stock Forecast & Price Target

Oklo Inc has experienced a remarkable share price increase of approximately 305% over the trailing twelve months, significantly outperforming peer groups in the small modular reactor (SMR) and nuclear services sectors. As of September 30, 2025, the company reported around $1.2 billion in cash and marketable securities, bolstered by substantial funds raised through an at-the-market equity program, enhancing its financial resilience. The positive outlook is further supported by increasing commercial interest in zero-carbon power solutions, favorable policy developments, and improvements in supply security, which collectively suggest potential for long-term margin expansion.

Oklo Inc. faces considerable execution risk associated with its first-of-a-kind (FOAK) project, where even minor capital overages or scheduling delays could significantly diminish its internal rate of return, creating skepticism around construction contracts and performance guarantees that remain undisclosed. The potential for delays in the Aurora-INL project exacerbates these concerns, threatening the company's credibility, hindering commercial licensing, and increasing the financing burden, all of which could lead to a rise in cash burn and impact long-term earnings potential. Additionally, the failure to successfully implement used nuclear fuel recycling could lead to heightened supply chain inflation and diminished margins, further deterring customer adoption in a competitive market landscape.