Oklo (OKLO) Rallies 11.3% on Higher Price Target

We recently published Market on Mute? Not for These 10 Stocks With Surprising Gains. Oklo Inc. (NYSE:OKLO) is one of Monday's top performers.

Oklo extended its winning streak to a fourth consecutive day on Monday, soaring 11.29 percent to close at $62.41 apiece following an investment firm’s higher price target for the company.

Late last week, Daiwa initiated coverage on Oklo Inc. (NYSE:OKLO), giving the latter a “hold” recommendation and a price target of $58. The figure marked a 3-percent upside from its closing price on Friday and supported its further rally in Monday’s session.

Last month, Oklo Inc. (NYSE:OKLO) was tapped by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska.

Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska, which will serve as the Department of the Air Force’s (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure.

While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.