Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Barclays has downgraded Digital 9 Infrastructure PLC (LON:DGI9) from Equalweight to Underweight while reducing its price target to GBP0.08 from GBP0.10.
The rating change is primarily based on Barclays’ relative rating approach, with the firm noting that compared to other infrastructure funds, Digital 9 Infrastructure offers less potential upside to their price target.
Barclays analyst Conor Finn indicated that the new price target of 8 pence implies approximately 3% downside potential for the stock.
The firm acknowledged there is upside risk to their projections as the realisation outcome remains highly sensitive to changes in the exit multiple for Arqiva, one of Digital 9’s assets.
Barclays expects limited catalyst potential for the stock in the near term, noting it will likely be 18 months to two years before any meaningful catalysts emerge.
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