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OPRA

OperaA
Nasdaq / Software & Services
Last Price
Quote time unavailable
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Current thesis
The Q2 print supports a constructive operating case: revenue growth accelerated to 25%, adjusted EBITDA grew 32%, ARPU increased 25%, and management raised both Q3 and full-year outlooks. Continued ad/query growth and AI-enabled engagement could support further upside.
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +2.1.
What can break
AI engagement may not translate into durable retention, profitable searches, or sustained per-user economics.
Momentum
29
Value
60
Sentiment
87
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $22.00 · Bull $28.00 · Bear $15.00Analysis 2026-09-04; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-10 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-04 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-09-10

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-10. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $26.29
Why
Momentum29 · Δ7d -43.4
Value60 · Δ7d 0.0
Sentiment87 · Δ7d +2.1
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Sentiment remains the lead driver in the composite, 7D delta +2.1.

Contradictions & invalidation

  • • AI engagement may not translate into durable retention, profitable searches, or sustained per-user economics.
  • • Advertising and query revenue remain central to the business, leaving Opera exposed to advertising demand, search-partner economics, and distribution decisions. [#IR-Q2-2026-RESULTS]
  • • The evidence does not yet prove that AI features create durable user retention or superior economics.

Catalyst clock

2026-08-19

Q2 beat and raised outlook

Lead driver: Sentiment · See AI snapshot
Momentum
29
9% active weight
Current posture
7d trendSoftening
Δ7d
-43.4
Δ21d
-23.7
Value
60
28% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
-0.4
Sentiment
87
62% active weight
Current posture
7d trendImproving
Δ7d
+2.1
Δ21d
+17.6
Why this grade

Composite grade A. Momentum 29.3 / Value 59.9 / Sentiment 87.2

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-04. Scenario method

B+
Bull case
25%
Probability
Target price
$28.00
Analysis reference price unavailable
Analysis 2026-09-04 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$22.00
Analysis reference price unavailable
Analysis 2026-09-04 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$15.00
Analysis reference price unavailable
Analysis 2026-09-04 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$1.76B
Beta
1.21
Shares Out
89.55M
P/E (TTM)
16.2
P/S (TTM)
2.23
P/FCF (TTM)
54.86
Rev YoY
+23.3%
EPS YoY
+74.5%
Gross Margin
+42.9%
Op Margin
+16.3%
Net Debt
-$147.06M
Current Ratio
2.05
As of 2026-09-10 • Updated nightlySource: Internal modelMethods & Data