Opera (NASDAQ:OPRA) Upgraded to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Opera (OPRA) from "hold" to strong‑buy, citing upward revisions to earnings estimates and analyst price targets that imply roughly ~77% upside (MarketBeat average target $22.75).
• In the latest quarter Opera reported revenue of $177.21 million (above the $164.55M consensus) but missed on EPS, $0.30 versus the $0.33 expected.
• Shares trade around $15.10 with a market cap of $1.35 billion, a PE of 12.69, a 12‑month range of $11.71–$21.06, and roughly 10.2% institutional ownership.

Opera (NASDAQ:OPRA - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

OPRA has been the subject of several other research reports. Weiss Ratings restated a "hold (c)" rating on shares of Opera in a report on Monday, December 29th. The Goldman Sachs Group dropped their target price on Opera from $24.50 to $21.50 and set a "buy" rating on the stock in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Opera currently has an average rating of "Buy" and an average price target of $22.75.

Opera Stock Up 0.1%

Shares of OPRA stock opened at $15.10 on Tuesday. The company's fifty day simple moving average is $13.68 and its 200-day simple moving average is $15.07. The firm has a market cap of $1.35 billion, a PE ratio of 12.69 and a beta of 1.13. Opera has a 12 month low of $11.71 and a 12 month high of $21.06.

Opera (NASDAQ:OPRA - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Opera had a net margin of 17.61% and a return on equity of 8.00%. The business had revenue of $177.21 million during the quarter, compared to the consensus estimate of $164.55 million. On average, equities analysts predict that Opera will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Huntington National Bank raised its stake in Opera by 37.8% in the 3rd quarter. Huntington National Bank now owns 3,305 shares of the company's stock valued at $68,000 after acquiring an additional 906 shares during the period. Harvey Capital Management Inc. boosted its position in Opera by 0.9% during the fourth quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company's stock worth $1,429,000 after purchasing an additional 925 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Opera in the third quarter valued at $42,000. State of Tennessee Department of Treasury acquired a new position in shares of Opera in the second quarter valued at $83,000. Finally, IFP Advisors Inc raised its position in shares of 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 period. 10.21% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Opera

Here are the key news stories impacting Opera this week:

• Positive Sentiment: Zacks reports that earnings estimates for OPRA have been revised upward, which the outlet says could support further gains in the near term — rising estimate momentum is often a catalyst for investor buying. Earnings Estimates Moving Higher for Opera Limited (OPRA): Time to Buy?
• Positive Sentiment: A separate Zacks piece highlights a consensus analyst price target that implies roughly 76.9% upside from current levels; the article notes that while price‑target metrics can be unreliable, the combination of targets and improving estimate momentum may attract buyers and support the stock. Wall Street Analysts Believe Opera Limited (OPRA) Could Rally 76.94%
• Neutral Sentiment: A raft of media stories about Timothée Chalamet and the broader cultural conversation around “opera” is trending online. These items concern performing‑arts debate and viral social coverage and are unlikely to meaningfully affect Opera Limited’s business (the software/Internet company), though they may cause short‑term name confusion in headlines. This Celebrity Thinks Timothee Chalamet’s ‘Not Wrong’ About Ballet & Opera

Opera Company Profile

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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