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Why Okta (OKTA) is a Top Growth Stock for the Long-Term
ZACKS· 2026-03-30 14:45
Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores provide ratings for stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities likely to outperform the market in the short term [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score identifies attractive stocks based on valuation ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors seeking undervalued opportunities [3] Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [4] Momentum Score - The Momentum Score leverages trends in stock prices and earnings estimates to identify favorable times for investment, emphasizing the importance of price changes over short periods [5] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating that helps investors find stocks with the best overall potential [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [7][8] Stock Selection Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while stocks with a 3 rank should also have high Style Scores to maximize upside potential [10][11] Company Spotlight: Okta - Okta, rated 3 (Hold) on the Zacks Rank, offers cloud-based identity solutions and has a VGM Score of B, making it a potential growth investment [12] - The company forecasts a year-over-year earnings growth of 7.7% for the current fiscal year, with recent earnings estimates revised upward by 11 analysts [13]
Okta (OKTA) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2026-03-23 14:50
Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies and confidence, including daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that help investors select stocks likely to outperform the market in the next 30 days, rated from A to F based on value, growth, and momentum characteristics [2] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow to highlight attractive investment opportunities [3] Growth Score - The Growth Style Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [4] Momentum Score - The Momentum Style Score is designed for traders who capitalize on price trends, utilizing factors like one-week price changes and monthly earnings estimate changes to identify high-momentum stocks [5] VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, serving as a comprehensive indicator to identify stocks with the best overall potential based on these three investment styles [6] Zacks Rank Integration - 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 +23.93% since 1988, significantly outperforming the S&P 500 [7] Stock Selection Strategy - To maximize returns, investors should target stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while stocks with a 3 rank should also have favorable Style Scores to ensure upside potential [9] Earnings Outlook Importance - Changes in a company's earnings outlook are crucial for stock selection; stocks with lower ranks (4 or 5) may still have good Style Scores but are likely to decline in price due to negative earnings forecasts [10] Company Spotlight: Okta - Okta provides cloud-based identity solutions, integrating with various applications and services through its platforms, and has a Zacks Rank of 3 (Hold) with a VGM Score of B [11] Okta's Performance Metrics - Okta's Momentum Style Score is B, with shares increasing by 5.6% over the past four weeks; earnings estimates for fiscal 2027 have been revised upwards by 11 analysts, raising the consensus estimate by $0.13 to $3.77 per share, with an average earnings surprise of +8.8% [12]
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]
Why Okta (OKTA) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-12-31 15:50
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, aiding in stock selection for potential market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Evaluates a company's financial strength and future outlook through projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks with upward or downward trends in price or earnings outlook, utilizing factors like one-week price change and monthly earnings estimate changes [5] VGM Score - Combines all three Style Scores to provide a comprehensive indicator for stock selection based on value, growth, and momentum [6] Zacks Rank Integration - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +23.9% since 1988, significantly outperforming the S&P 500 [7] - There are over 800 top-rated stocks available, making it essential to use Style Scores for effective stock selection [8] Investment Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with a 3 (Hold) rank should also have A or B Scores to maximize upside potential [9] Earnings Estimate Revisions - The direction of earnings estimate revisions is crucial; stocks with lower ranks but high Style Scores may still face downward price pressure [10] Company Spotlight: Okta (OKTA) - Okta provides cloud-based identity solutions and is currently rated 3 (Hold) with a VGM Score of B [11] - The company has a Momentum Style Score of A, with shares increasing by 6.8% over the past four weeks and upward earnings estimate revisions for fiscal 2026 [12] - The Zacks Consensus Estimate for Okta has risen by $0.07 to $3.44 per share, with an average earnings surprise of +9.1% [12]