Add as a preferred source on GoogleCanaccord Cuts Oklo Share Target to $66 After Quarterly Update
At 4 a.m. ET on Nov. 9, 62.9% of Binance accounts with OKLOUSDT positions were long. The futures contract is distinct from Oklo shares.
Canaccord Genuity cut its price target for Oklo Inc. shares to $66 from $100 on Nov. 9, following the nuclear technology company’s third-quarter results and business update.
Oklo released the results and update Nov. 6. Canaccord’s $34 reduction applies to the company’s shares. Binance’s OKLOUSDT is a futures instrument; its quote is not an Oklo share price.
A Nov. 9 market reading put OKLOUSDT at $23.35. At 4 a.m. ET (09:00 UTC) that day, 62.9% of Binance accounts with positions in the contract were long. The proportion was 67.8% among top-trader accounts. Those percentages count accounts, not the size or value of the positions they hold.
Truist maintained a Hold rating and a $31 target for Oklo shares after the results. Before the update, Wedbush initiated coverage Nov. 3 with an Outperform rating and a $36 share target, a call TokenPost covered earlier.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.