OKLO (OKLO) stock has plummeted due to rising uranium prices impacting small modular nuclear reactors. CEO and CFO selling $2 million in shares further fueled the selloff. Despite being down 60%, Canaccord analyst predicts a potential tripling in value within a year, projecting a $175 price target by year-end. The analyst believes the current uranium panic is a temporary obstacle compared to the shift towards carbon-free baseload power, praising OKLO’s vertically integrated business model. Canaccord Genuity advises investors to capitalize on oversold OKLO shares due to the company’s strategic position in the AI-Nuclear Nexus. With a robust cash reserve and upcoming criticality test, OKLO’s stock price doesn’t reflect its revenue potential once the first Aurora powerhouse is operational. Wall Street consensus suggests the selloff on OKLO stock has been excessive, with a “Moderate Buy” rating and a mean target of approximately $113, indicating a potential 70% upside from current levels.

Read more at Yahoo Finance: As Oklo Stock Plunges, One Analyst Still Thinks It Can Gain 175%