Oppenheimer Predicts up to 740% Rally for These 2 ‘Strong Buy’ Stocks

Investors have plenty to feel positive about. Inflation is easing, with the latest data showing an annualized rate of 2.4%, just shy of the Fed’s target by less than half a percentage point. Meanwhile, the stock market continues its bullish run, with the S&P 500 hitting a record high of 5,822 on Friday, marking a 22% year-to-date gain.

The naysayers have, so far, been proven wrong – the economy, at least as far as the stock market is concerned, remains robust. Oppenheimer’s chief investment strategist, John Stoltzfus, echoes this positive sentiment, stating, “The S&P 500’s closing price suggests to us a bull market that persists bolstered by economic resilience supported by business and consumer activity with opportunity for stocks to move higher into year-end…  We remain positive on equities.”

How positive is Oppenheimer when it comes to equities? Positive enough for the firm’s analysts to project massive gains for certain stocks – including one with a potential upside of up to 740%.

We’ve dived into the TipRanks database to gauge Wall Street’s general view on two Oppenheimer picks. The consensus? Strong Buy ratings across the board, with substantial upside potential. Let’s take a closer look at the details.

Rani Therapeutics (RANI)

Biologics made serious waves in the medical world. These are a class of drugs that target severe and chronic autoimmune, inflammatory, and metabolic diseases – conditions that have in the past proven resistant to traditional treatments and medications. The big problem with biologics is the delivery – they are dosed through IV infusion, as they cannot withstand stomach acids. This is where Rani Therapeutics, the first Oppenheimer pick we’ll look at, has made its great contribution.

The company has developed the RaniPill, a delivery system that allows biologic drugs to be dosed orally. The RaniPill capsule can move through the stomach and remain intact, allowing for the biologic drug within to be effectively absorbed by the highly vascularized wall of the small intestine. It’s an innovative design that bypasses one of the largest ‘patient problems’ with biologics, improving both patient comfort and medication compliance.

Rani has followed up the development of this new delivery system with several clinical trials on new drug candidates targeting several applicable metabolic or inflammatory conditions. Key drugs in its pipeline include RT-102 for osteoporosis and RT-111 for psoriasis, both of which have shown promising results in early trials. RT-102 is slated to begin a Phase 2 trial in Europe by year-end, while RT-111, following positive Phase 1 results, will be tested at higher doses to further assess safety and efficacy.