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Okta (OKTA) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2026-03-23 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed al ...
Okta (OKTA) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2026-03-12 14:45
Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - The Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [3] - Each stock is rated from A to F based on its characteristics, with A indicating the highest potential for outperformance [4] Value Score - The Value Style Score focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales to highlight attractive investment opportunities [4] Growth Score - The Growth Style Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth potential [5] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings outlook changes, helping investors capitalize on upward or downward price movements [6] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.86% since 1988, significantly outperforming the S&P 500 [8][9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential [10] Stock to Watch: Okta (OKTA) - Okta is currently rated 3 (Hold) on the Zacks Rank with a VGM Score of B, indicating a solid position in the market [12] - The company is highlighted as a potential growth investment, with a Growth Style Score of B and a forecasted year-over-year earnings growth of 7.7% for the current fiscal year [13] - Recent upward revisions in earnings estimates by 11 analysts for fiscal 2027 have increased the Zacks Consensus Estimate by $0.13 to $3.77 per share, alongside an average earnings surprise of +8.8% [13]