Stock Track | Oklo Inc. Soars 8.80% Intraday on BofA Upgrade, Trump's Nuclear Push, and Meta Deal

Stock Track01-21

Oklo Inc. (OKLO) surged 8.80% in intraday trading on Wednesday, driven by a combination of positive analyst actions, a strategic deal, and broader sector optimism.

BofA Securities upgraded Oklo to Buy from Neutral and raised its price target to $127 from $111, citing improved growth prospects. The upgrade followed Oklo's announcement of a deal with Meta, which has bolstered investor confidence in the company's future performance.

The broader nuclear energy sector also rallied after US President Donald Trump stated the US is "vigorously" developing nuclear energy and signed an executive order approving the construction of multiple new nuclear plants. This policy shift has sparked optimism across nuclear-related stocks, with Oklo benefiting significantly from the sector-wide momentum.

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