Here's What Barclays Has to Say About Oklo Inc (OKLO)

​Oklo Inc. (NYSE:OKLO) is one of the Best Russell 2000 Stocks to Buy Right Now. On January 13, Christine Cho, CFA, from Barclays, reiterated a Buy rating on the stock with a $146 price target. However, earlier on January 9, Goldman Sachs had maintained a Neutral rating on Oklo Inc. (NYSE:OKLO) with a $106 price target.

​The ratings follow the company’s agreement with Meta to develop a 1.2 GW Nuclear Energy at Pike County, Ohio. Management of Oklo Inc. (NYSE:OKLO) noted that, under the agreement, Meta will prepay for the power and provide capital to ensure the project is completed successfully. Management noted that they plan to use the capital to advance phase 1 of the project on the land that has already been acquired, along with securing fuel for the plant. The pre-construction work is expected to start this year, with the first phase of the plant coming online in 2030.

​According to Goldman Sachs, each GW of powerhouse deployment will add roughly $15 to $20 per share to the company’s stock, based on the DCF analysis. The firm also noted that Meta is pursuing other nuclear deals, which it views as positive for companies in the nuclear segment.

​Oklo Inc. (NYSE:OKLO) develops advanced nuclear power plants that recycle nuclear waste to provide clean, reliable energy, supporting sustainable solutions for the increasing power demands of AI.

While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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