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Okta (OKTA) has an average brokerage recommendation (ABR) of 1.92, indicating a consensus between Strong Buy and Buy based on recommendations from 40 brokerage firms. Specifically, 21 recommendations are categorized as Strong Buy, equating to 52.5% of total recommendations, while 2 are categorized as Buy, representing 5%.
Despite the favorable ABR, Okta’s Zacks Rank has dropped to #4 (Sell), reflecting a 0.3% decrease in the earnings consensus estimate over the past month, now standing at $1.09. This trend signals growing analyst pessimism about the company’s earnings prospects, suggesting potential stock decline.
Investors are advised to consider this mixed outlook, recognizing that while brokerage ratings may suggest a buying opportunity, the Zacks Rank provides a clearer, more timely indication of stock performance based on earnings estimate revisions.
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