Oklo (OKLO) Stock Earns Dual Buy Ratings From BofA and Wedbush in May 2026

Key Takeaways

• Daniel Ives of Wedbush maintains an Outperform rating on OKLO stock with a $110 price target, suggesting approximately 65% potential upside.
• The U.S. Department of Energy chose Oklo for advanced negotiations within the Surplus Plutonium Utilization Program framework.
• Bank of America resumed coverage on May 22 with a Buy rating and $80 price target, emphasizing the company’s integrated business model.
• The company secured a binding 1.2 GWe power supply agreement with Meta, plus a development pipeline exceeding 14 GWe in non-binding commitments.
• Analyst consensus reflects a Moderate Buy stance with an average $90.07 price target, based on 11 Buy and 7 Hold recommendations.

Oklo (OKLO) stock has captured renewed analyst interest, highlighted by Wedbush analyst Daniel Ives establishing a $110 price target that suggests approximately 65% appreciation potential over the coming year. Shares are currently trading near $66.

Oklo Inc., OKLO

Ranking among the top 3% of Wall Street analysts, Ives assigns an Outperform rating to OKLO. His optimistic outlook hinges on the company’s integrated approach to building, owning, and operating nuclear facilities, which he believes establishes dependable revenue channels and streamlines the nuclear regulatory process.

The recent catalyst driving Ives’ analysis was the U.S. Department of Energy’s decision to advance Oklo into negotiations for the Surplus Plutonium Utilization Program. Four additional advanced nuclear enterprises received similar recognition.

This federal initiative seeks to transform excess plutonium stockpiles into usable fuel for next-generation reactors. Oklo’s involvement includes collaboration with Newcleo — Oklo spearheads plutonium conversion efforts while Newcleo contributes fuel development expertise and potentially $2 billion in project financing.

Ives characterized the DOE designation as official government endorsement of the Newcleo alliance first revealed in October 2025. The selection also establishes a fourth fuel supply route for Oklo, complementing HALEU enrichment, spent fuel reprocessing, and its A3F fabrication initiative.

However, Ives maintained a balanced perspective. He framed the DOE announcement as a strategic enhancement to Oklo’s fuel diversification efforts rather than an immediate commercial breakthrough, acknowledging that final agreements and regulatory clearances remain outstanding.

Bank of America Resumes Coverage With Bullish Stance

On May 22, Bank of America analyst Rinny Singh reestablished coverage with a Buy recommendation and an $80 valuation target. This projection indicates over 17% upside opportunity from present trading levels.

BofA emphasized Oklo’s end-to-end integrated structure as a possible competitive edge in the small modular reactor marketplace. The investment bank also referenced the binding 1.2 GWe power supply contract executed with Meta in January as proof of tangible commercial momentum.

Oklo’s total development pipeline encompasses more than 14 GWe through non-binding customer agreements, positioning it as one of the substantial participants in the emerging SMR industry by secured capacity.

Timeline and Development Milestones

Oklo’s inaugural Aurora reactor installation at Idaho National Laboratory remains scheduled for late 2027 through early 2028. The organization is also pursuing a July 4, 2026 criticality achievement — marking its intended first controlled sustained nuclear reaction.

Ives clarified that the DOE development doesn’t modify that deployment schedule. Nevertheless, he observed that successful transformation of surplus plutonium into transitional fuel could mitigate fuel supply uncertainty for those early installations, pending finalized agreements.

The Wall Street consensus rating stands at Moderate Buy, comprising 11 Buy recommendations and 7 Hold ratings. The mean price target reaches $90.07, indicating approximately 35% upside potential from current valuations.

The expanding AI infrastructure landscape is driving requirements for dependable large-scale power generation, and Oklo’s established agreements with hyperscale operators like Meta demonstrate its capacity to address this emerging demand.

The post Oklo (OKLO) Stock Earns Dual Buy Ratings From BofA and Wedbush in May 2026 appeared first on Blockonomi.