Cameco (CCJ) Remains A Beneficiary Of The Long-Term Upside In Western Nuclear Fuel Infrastructure, According To GLJ Research
Key takeaways
- Orest Wowkodaw, an analyst at Scotiabank, raised his price target on Cameco Corporation (NYSE:CCJ) to $175 from $150 on May 7, 2026.
- A more recent update came on May 12, 2026, from GLJ Research, which cut its price target on the stock from CAD $171.20 to CAD $152.60.
- That broader analyst optimism came following strong Q1 2026 earnings.
Cameco (CCJ) Remains A Beneficiary Of The Long-Term Upside In Western Nuclear Fuel Infrastructure, According To GLJ Research Faheem Tahir Sat, May 16, 2026 at 12:36 AM GMT+7 2 min read CCJ With an upside potential of 9.3%, Cameco Corporation (NYSE:CCJ) earns a spot on our list of the best nuclear energy stocks to buy as SMRs go mainstream.
Orest Wowkodaw, an analyst at Scotiabank, raised his price target on Cameco Corporation (NYSE:CCJ) to $175 from $150 on May 7, 2026. The firm’s Outperform rating was maintained following the quarterly update, which it viewed as a positive catalyst driving the firm’s valuation estimates higher. Additionally, Wowkodaw said the company’s fundamentals are improving, citing drivers such as the Western world’s decarbonization, energy independence, and power security agendas.
A more recent update came on May 12, 2026, from GLJ Research, which cut its price target on the stock from CAD $171.20 to CAD $152.60. While the firm is less excited about the near-term outlook, it remains bullish and frames Cameco Corporation (NYSE:CCJ) as a beneficiary of the long-term upside in Western nuclear fuel infrastructure.