Opera (NASDAQ:OPRA) Shares Gap Up After Strong Earnings

Key Points

• Opera shares gapped up after quarterly results beat expectations — the company generated roughly $176 million in revenue and EPS above consensus, with the stock opening at $17.99 (prior close $16.91) and trading near $18.54.
• Management raised FY2026 guidance to $727M–$740M in revenue and $170M–$174M in adjusted EBITDA and gave Q2 revenue guidance of $176M–$178M, signaling continued top‑line growth and margin expansion.
• Despite the beats and upgrades, shares saw near‑term pressure—cited drivers include profit‑taking and the lack of explicit EPS guidance—while Wall Street consensus remains a Buy with an average price target of about $22.75.

Opera Limited Sponsored ADR (NASDAQ:OPRA - Get Free Report)'s stock price gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $16.91, but opened at $17.99. Opera shares last traded at $18.5370, with a volume of 428,547 shares.

The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $176.65 million for the quarter. Opera had a return on equity of 8.00% and a net margin of 17.61%.

Key Headlines Impacting Opera

Here are the key news stories impacting Opera this week:

• Positive Sentiment: Q1 results beat expectations: revenue $175.8M vs. $171.0M consensus and EPS $0.34 vs. $0.32 consensus; adjusted EBITDA was $42.0M (24% margin), above guidance — shows healthy revenue growth and margin expansion. PR Newswire: Q1 Results
• Positive Sentiment: Raised FY 2026 revenue and adjusted EBITDA guidance to $727M–$740M and $170M–$174M respectively (implies ~18–20% revenue growth and ~23% adj. EBITDA margin) — management is more bullish on full-year growth. PR Newswire: Guidance Raise
• Positive Sentiment: Q2 2026 revenue guidance of $176M–$178M implies ~23–25% growth with an adjusted EBITDA margin target ~23% at midpoint — Q2 top-line guidance is above consensus, signaling continued momentum. Press Release PDF
• Positive Sentiment: Third‑party recognition and analyst commentary provide support — IBD upgraded Opera's ADR relative strength and Zacks highlighted OPRA among Internet-content names benefiting from digital trends, which could help sentiment. IBD Upgrade Zacks Industry Note
• Neutral Sentiment: Management issued revenue ranges for Q2 and FY2026 but did not provide numeric EPS guidance in the updates, leaving some earnings visibility incomplete.
• Negative Sentiment: Despite beats and raised guidance, the stock is down — possible drivers: profit‑taking after recent runup, disappointment over the absence of explicit EPS guidance, or the view that the guidance ranges are conservative/unspecific; that uncertainty can pressure the share price in the near term.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Opera from $24.50 to $21.50 and set a "buy" rating on the stock in a report on Tuesday, January 13th. Zacks Research raised shares of Opera from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. TD Cowen reissued a "buy" rating on shares of Opera in a report on Friday, March 13th. Wall Street Zen lowered shares of Opera from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Opera in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Opera currently has an average rating of "Buy" and a consensus price target of $22.75.

Institutional Investors Weigh In On Opera

Several hedge funds have recently added to or reduced their stakes in OPRA. Foster Dykema Cabot & Partners LLC purchased a new stake in Opera in the third quarter valued at $42,000. Huntington National Bank boosted its holdings in Opera by 37.8% in the third quarter. Huntington National Bank now owns 3,305 shares of the company's stock valued at $68,000 after purchasing an additional 906 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in Opera in the second quarter valued at $83,000. Quent Capital LLC purchased a new stake in Opera in the fourth quarter valued at $212,000. Finally, IFP Advisors Inc boosted its holdings in Opera by 127.0% in the third quarter. IFP Advisors Inc now owns 11,350 shares of the company's stock valued at $234,000 after purchasing an additional 6,350 shares during the last quarter. 10.21% of the stock is owned by hedge funds and other institutional investors.

Opera Price Performance

The company has a market capitalization of $1.64 billion, a PE ratio of 15.40 and a beta of 1.22. The firm's fifty day simple moving average is $14.86 and its 200 day simple moving average is $14.33.

About Opera

Opera Limited NASDAQ: OPRA is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.

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