AudioEye Inc. (AEYE) has an average brokerage recommendation (ABR) of 1.20 on a scale of 1 to 5 (where 1 is Strong Buy and 5 is Strong Sell) based on ratings from five brokerage firms. This ABR consists of four Strong Buy and one Buy recommendations, indicating that 80% of the ratings suggest a Strong Buy.
Despite the favorable ratings, analysts highlight that brokerage recommendations can be biased due to conflicts of interest, suggesting that investors should not rely solely on these ratings. The Zacks Rank, which categorizes stocks based on earnings estimate revisions, currently gives AudioEye a Zacks Rank #3 (Hold) as the consensus estimate remains unchanged at $0.71 for the current year. This indicates caution for potential investors, despite the positive ABR.
