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OPRA

OperaB
Nasdaq / Software & Services
Last Price
Quote time unavailable
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Current thesis
Q2 revenue rose 25% to $178.1 million and adjusted EBITDA rose 32% to $42.4 million, both above Opera's guidance ranges. The company raised full-year guidance to $734–742 million of revenue and $172–175 million of adjusted EBITDA.
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-27.
What can break
Opera identifies dependence on major query and revenue-sharing partners, platform-provider changes, and competition in browsers and AI-enabled experiences as risks. [#IR-Q2-2026-RESULTS]
Momentum
30
Value
62
Sentiment
55
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $17.80 · Bull $21.50 · Bear $13.50Analysis 2026-09-28; returns require an exact persisted reference.
Earnings
2026-10-27
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-26

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $26.29
Why
Momentum30 · Δ7d -7.5
Value62 · Δ7d +0.3
Sentiment55 · Δ7d +1.5
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-27.
  • • Value remains the lead driver in the composite, 7D delta +0.3.

Contradictions & invalidation

  • • Opera identifies dependence on major query and revenue-sharing partners, platform-provider changes, and competition in browsers and AI-enabled experiences as risks. [#IR-Q2-2026-RESULTS]
  • • Q2 free cash flow from operations fell 42% year over year despite higher adjusted EBITDA. [#IR-Q2-2026-RESULTS]
  • • Q2 free cash flow from operations declined 42% year over year, while management's outlook explicitly accounts for year-end seasonality.

Catalyst clock

2026-10-27

Q3 results against stated outlook

Lead driver: Value · See fundamentals
Momentum
30
8% active weight
Current posture
7d trendFlat
Δ7d
-7.5
Δ21d
-13.8
Value
62
47% active weight
Current posture
7d trendFlat
Δ7d
+0.3
Δ21d
+0.5
Sentiment
55
45% active weight
Current posture
7d trendImproving
Δ7d
+1.5
Δ21d
-6.9
Why this grade

Composite grade B. Momentum 29.9 / Value 61.5 / Sentiment 54.9

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-28. Scenario method

B+
Bull case
20%
Probability
Target price
$21.50
Analysis reference price unavailable
Analysis 2026-09-28 · RankAlpha Sentiment Codex
Most likely
B
Base case
60%
Probability
Target price
$17.80
Analysis reference price unavailable
Analysis 2026-09-28 · RankAlpha Sentiment Codex
B-
Bear case
20%
Probability
Target price
$13.50
Analysis reference price unavailable
Analysis 2026-09-28 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$1.57B
Beta
1.21
Shares Out
88.92M
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 2026-10-26 • Updated nightlySource: Internal modelMethods & Data