Oklo rated Buy with 14% upside; May 12 earnings key to unlocking stock potential.

Oklo is rated Buy with a price target of $88, suggesting a 14% upside from its current price near $77. The company's unique owner-operator small modular reactor (SMR) model, $2.5 billion liquidity, and key regulatory milestones support its growth prospects. The May 12 earnings report is a critical event that could confirm progress on milestones and trigger a significant stock price increase. Risks include delays, regulatory challenges, and execution issues, but the overall revenue model and market conditions remain favorable.