Scilex and Oracle: Bullish Views, Potential Upsides Unveiled
- October 09th, 2023
- 814 views
HC Wainwright & Co. has initiated coverage on Scilex Holding Company (Nasdaq: SCLX), a pharmaceutical company, with a Buy rating and a price target of $12.
Closing at $1.57 on Friday, this price target suggests a substantial potential upside of $10.43 per share or approximately 664.33% for $SCLX, based on the financial services firm's view.
Separately, Evercore ISI Group upgraded Oracle Corporation (NYSE: ORCL), a multinational technology company, from In-Line to Outperform and raised the price target from $131 to $135.
With $ORCL closing at $109.96 on Friday, the projected new price target implies a potential upside of $25.04 per share or about 22.77%, according to the investment banking advisory firm's assessment.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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