Key Takeaways:
- Analysts value Oklo at $45.50 per share today
- That’s a potential 107% upside from today’s price of $22/share.
- Oklo’s revenue is projected to grow by over 1,000% from 2027 to 2029.
- Wall Street analysts maintain predominantly “Buy” ratings with price targets indicating substantial upside.
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Oklo (OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. It also commercializes nuclear fuel recycling technology that converts nuclear waste into usable fuel for its reactors.
Valued at a market cap of $3 billion, Oklo stock is down 60% from its all-time highs in April 2025. So, let’s see if OKLO stock is a good buy at its current price.
Is Oklo Stock a Good Buy Right Now?
Oklo, backed by OpenAI CEO Sam Altman, is positioning itself to capitalize on surging energy demand driven by artificial intelligence and data centers.
In 2024, it announced a landmark framework agreement with data center operator Switch to develop 12 gigawatts of clean power through 2044, which would represent nearly 1% of the U.S. power grid’s capacity.
During its fourth-quarter earnings call, Oklo reported progress on its regulatory pathway and business development. Oklo has expanded its powerhouse offering to support up to 75 megawatts of output, up from its previous 50-megawatt design, allowing it to meet higher customer demands with fewer deployments. This scale-up improves economics while maintaining the same design footprint and regulatory framework.
Oklo continues to advance its first commercial deployment at the Idaho National Laboratory, which is expected to go online between late 2027 and early 2028.
The company is pursuing a combined license approach with the Nuclear Regulatory Commission, which it believes provides a more streamlined path to approval compared to competitors.
Oklo’s unique build, own, and operate model aims to simplify power purchasing for customers while creating a recurring revenue stream. Its customer pipeline has grown from 700 megawatts to over 14 gigawatts, with significant agreements including Equinix, Prometheus Hyperscale, Diamondback Energy, and Switch.
Oklo is also expanding beyond power generation through its recent acquisition of Atomic Alchemy, entering the high-value radioisotope market with applications spanning medical imaging, cancer therapies, and semiconductor manufacturing.
With the new Trump administration emphasizing nuclear power as essential for U.S. energy independence and AI-driven data centers projected to increase power demand by 160% through 2030, Oklo stock looks poised to deliver game-changing returns to shareholders in the upcoming decade and beyond.
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Does OKLO Stock Look Undervalued?
Forecast
Based on the revenue projection chart, Oklo is expected to experience extraordinary growth after 2027 as it commercializes its technology. Its revenue is projected to increase to:
- $15.65 million by 2027 (initial commercialization)
- $86.22 million by 2028 (451% year-over-year growth)
- $184.46 million by 2029 (114% year-over-year growth)
This exponential growth trajectory reflects Oklo’s transition from the development stage to the commercial deployment of its nuclear reactors.
While Oklo is currently pre-revenue, these projections suggest rapid scaling once regulatory approvals are secured and initial deployments begin.
This revenue growth is likely to be driven by:
- Regulatory Progress: Oklo is advancing through the Nuclear Regulatory Commission licensing process, with each milestone potentially catalyzing the stock.
- Strategic Partnerships: Oklo has secured agreements with utilities, government agencies, and industrial customers interested in deploying its technology.
- First-Mover Advantage: As one of the leading advanced nuclear startups, Oklo has the potential to capture significant market share in the emerging small modular reactor (SMR) sector.
- Intellectual Property: Oklo’s proprietary reactor design and fuel cycle technology create barriers to entry for competitors.
View Oklo’s full analyst estimates >>>
Valuation Multiple
Oklo’s historical EV/EBIT chart shows considerable volatility, with a mean of -40x and a current level of -37.5x. These negative multiples reflect the company’s pre-profit stage, with investments in R&D and regulatory approval processes exceeding current operating income.
For early-stage clean energy technology companies, conventional valuation metrics like EV/EBIT have limitations.
The market typically values these companies based on their long-term potential and technology differentiation rather than near-term profitability.
What is Oklo Stock’s Price Target?
Analysts think OKLO stock is undervalued today:
- Analysts project a median price target of about $45.50/share.
- This represents a 107% premium to the current price of $22/share.
- The range of analyst price targets spans from $30.00 to $58.00, indicating strong upside potential even in conservative scenarios.
The growth in analyst price targets over time, from $22.50 at the year-end of 2024 to nearly $49 by March 2025, suggests increasing confidence in Oklo’s commercial prospects as the company advances toward key regulatory and deployment milestones.
Keep in mind, this is just a valuation exercise, and we don’t know for sure what the stock’s price will be in the future.
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OKLO Stock: Risks to Consider
While analysts think that Oklo stock has meaningful upside today, investors should be aware of several risks exists that could substantially decrease the value of the stock:
- Regulatory uncertainty and potential delays in the approval process
- Technical challenges in scaling and deploying first-of-a-kind nuclear technology
- Financing requirements for commercial deployment
- Competition from other advanced nuclear companies and alternative clean energy technologies
- Extended timeline to meaningful revenue generation and profitability
TIKR Takeaway
Oklo represents a speculative but potentially transformative investment opportunity in the clean energy sector.
While commercial deployment is still several years away, the company’s innovative technology and growing analyst confidence suggest significant upside potential for investors willing to accept the risks associated with early-stage energy technology companies.
With analyst price targets suggesting potential returns exceeding 100% within a year, and a long-term growth story supported by the global push for clean, reliable energy, Oklo stock deserves consideration for investors seeking exposure to the future of nuclear power.
Is OKLO stock a buy over the next 24 months? Use TIKR to check the stock’s analyst price targets and growth forecasts to see if the stock is undervalued today.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
