Many dividend stocks lost their luster in 2022 and 2023 as rising interest rates drove jittery investors toward safer CDs, Treasury bills, and other fixed-income investments. However, many of those high-yielding dividend stocks stabilized in 2024 as the Federal Reserve finally implemented three interest rate cuts.
Opera's strong product innovations and AI-driven growth boost its prospects, but fierce competition from more popular browsers poses challenges.
Opera stock has outperformed the S&P 500 significantly since my previous update, validating my bullish thesis. The DoJ's proposed actions against Google could introduce longer-term uncertainties, but investors shouldn't overreact. Opera's solid financial profile, sector-leading profitability, and attractive valuation metrics justify a continued bullish stance on its potential outperformance.
Although OPRA's long-term prospects look promising, increasing marketing costs make the stock a risky bet.
Considering the near-term pressure on margins due to the planned increase in marketing spending and lofty valuation, it is better to stay away from OPRA stock for now.
Opera stock price has staged a strong comeback in the past few months as the company has continued to report strong financial results. The OPRA share price surged to $19.93, its highest level since July 2023.
Opera delivered impressive results for Q3 and has bright growth prospects for the next couple of years.
OPRA's FQ3'24 performance hints at the potential growth acceleration from H1'24 levels, thanks to its improved monetization in Western regions. This is on top of the recently refreshed Opera One for the iOS browser, with it already contributing to the robust "inflow of new iOS users at +33%." OPRA is likely to record another beat performance in FQ4'24, building upon the 14 consecutive quarters of Rule of 40 financial outperformance across revenue and EBITDA growth.
Opera Limited presents strong fundamentals, promising expansion prospects, and a favorable valuation, making it a standout AI-related investment with medium-term growth potential. Opera Limited's fiscal Q3 2024 results reflected an outstanding financial and operational performance, supported by strategic growth initiatives and a focus on high-value users. Despite potential risks, the combination of Opera's market position and AI advancements offers a compelling investment opportunity.
Opera posted strong results in the third quarter, showing signs of improvement in the struggling digital-advertising market.
Opera Limited (NASDAQ:OPRA ) Q3 2024 Results Conference Call October 29, 2024 8:00 AM ET Company Participants Matt Wolfson - Head of IR Song Lin - Co-CEO Frode Jacobsen - CFO Conference Call Participants Naved Khan - B. Riley Securities Lance Vitanza - TD Cowen Mark Argento - Lake Street Alicia Yap - Citi Operator Welcome to the Opera Limited Third Quarter 2024 Earnings Call.
Does Opera Limited Sponsored ADR (OPRA) have what it takes to be a top stock pick for momentum investors? Let's find out.