Okta (OKTA) has an average brokerage recommendation (ABR) of 1.92, indicating a rating between Strong Buy and Buy, based on recommendations from 40 brokerage firms. Out of these, 21 are classified as Strong Buy (52.5%), and 2 as Buy (5%). The Zacks Consensus Estimate for Okta’s earnings for the current year has increased by 12.2% over the past month to $3.28, reflecting positive sentiment among analysts.
Despite a positive ABR and earnings growth expectations, analysts warn that brokerage recommendations can carry a bias, with firms more commonly issuing favorable ratings due to vested interests. As a result, using the ABR in conjunction with other tools, such as the Zacks Rank (currently at #2 – Buy for Okta), is advised for better investment decision-making.
