This Incredibly Cheap Tech Stock Is Skyrocketing, and It Is Likely to Soar Further
Opera's latest results beat Wall Street expectations and the company also raised its full-year guidance. The company is benefiting from the improved monetization of its huge user base.
Opera Limited: A Buy That Punches Above Its Weight
OPRA's innovative AI-driven features and strategic monetization create a strong competitive moat, driving consistent revenue and EBITDA growth, with a buy rating and a target price of $21.24. OPRA's balance sheet is robust, with zero debt and significant cash reserves, enabling strategic investments and shareholder returns such as dividends and share repurchases. Despite a decline in monthly average users, OPRA's focus on high ARPU markets and continuous AI innovation positions it for sustained growth and profitability.
Opera: The Curtains Rise, Shares Cheap As GX Continues To Grow (Rating Upgrade)
Strong Q2'24 earnings with 17% YoY revenue growth, 43% YoY net income increase, and raised FY'24 guidance highlight robust financial performance. Opera GX browser shows significant growth potential, with a 27% YoY user increase and 14% ARPU growth, targeting the highly monetizable gamer demographic. Potential new lucrative search deals with Google or OpenAI present opportunities in search and advertising.
Can Opera Limited (OPRA) Run Higher on Rising Earnings Estimates?
Opera Limited (OPRA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
What Makes Opera Limited (OPRA) a New Strong Buy Stock
Opera Limited (OPRA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Recent Price Trend in Opera Limited (OPRA) is Your Friend, Here's Why
Opera Limited (OPRA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Why Opera Stock Surged Again Today
Opera stock got a boost from news that the Federal Reserve will likely cut interest rates soon. The company also benefited from bullish coverage from an analyst.
Why Opera Limited Rallied This Week
Opera delivered a beat-and-raise quarter. Recent regulatory clampdowns on big tech could open the door for this small internet browser to grow handily.
OPRA Stock Earnings: Opera Meets EPS, Beats Revenue for Q2 2024
Opera (NASDAQ: OPRA ) just reported results for the second quarter of 2024. Opera reported earnings per share of 22 cents.
Why Opera Stock Is Surging Today
Opera beat sales and earnings expectations in the second quarter. The company's advertising and search segments showed solid momentum, and margins were better than expected.
Opera Earnings: Hitting Those High 'Notes'
Opera Limited reported strong financial results, beating expectations on both top and bottom lines. The stock is undervalued at 10x EBITDA, debt-free, and offers a 6.1% dividend yield. Despite competition from Google, Opera's growth potential and solid financials make it an attractive investment.
The Trends Look Good For Opera
Opera Limited has a small market share in web browsers but is focusing on high-value segments for growth. Opera's gaming browser, Opera GX, has driven higher ARPU and user growth, contributing to increased operating income. Analysts have a Strong Buy rating on Opera, with potential for significant growth if current trends continue.
