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Scilex (SCLX) Stock Forecast & Price Target

-0.03 (-1.52%)
(As of 07/12/2024 ET)

Scilex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

312.37% Upside
High Forecast$13.00
Average Forecast$8.00
Low Forecast$4.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$8.00$8.00$8.00N/A
Forecasted Upside312.37% Upside444.22% Upside400.00% UpsideN/A
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SCLX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SCLX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Scilex Stock vs. The Competition

TypeScilexMedical CompaniesS&P 500
Consensus Rating Score
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside312.37% Upside994.21% Upside9.17% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/17/2024HC Wainwright
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 Reiterated RatingBuy ➝ Buy$7.00 ➝ $7.00+334.78%
6/13/2024Rodman & Renshaw
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 Initiated CoverageBuy$13.00+802.77%
10/13/2023B. Riley
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 Initiated CoverageBuy$4.00+116.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:46 PM ET.

SCLX Forecast - Frequently Asked Questions

What is Scilex's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Scilex is $8.00, with a high forecast of $13.00 and a low forecast of $4.00.

Should I buy or sell Scilex stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scilex in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SCLX shares.

Does Scilex's stock price have much upside?

According to analysts, Scilex's stock has a predicted upside of 389.80% based on their 12-month stock forecasts.

What analysts cover Scilex?

Scilex has been rated by research analysts at HC Wainwright, and Rodman & Renshaw in the past 90 days.

Do Wall Street analysts like Scilex more than its competitors?

Analysts like Scilex more than other "medical" companies. The consensus rating for Scilex is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how SCLX compares to other companies.

This page (NASDAQ:SCLX) was last updated on 7/13/2024 by Staff

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