OPRA

OperaA

Nasdaq / Software & Services

At close

2026-07-20

Current thesis

The main bull case is that April 28's beat-and-raise was not just a one-quarter spike: advertising hit a record $117.0 million, query revenue reached $58.3 million, MAUs rose to 288 million, and management still guided to roughly 23% Q2 growth while lifting the full-year outlook. If that execution persists, OPRA still looks inexpensive versus the packet's $25.64 median target, although analyst-count support is unavailable.

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.9.

What can break

AI may change browsing behavior in ways that reduce page navigation, traditional ad inventory, or pricing power before Opera fully proves new monetization formats. [#IR-20F-2025]

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $20.00 · Bull $24.50 · Bear $13.50

Data freshness

Prices

As of 2026-07-20

Fundamentals

As of 2026-07-20 • Vendor: Data Vendor v1

Scores

As of 2026-07-20 • Model: HYBRID_IC_RP

AI Memo

As of 2026-06-11 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-20

Supporting evidence

What

Grade A · Constructive

Confidence Medium · Net Neutral

Target $26.29

Why

Momentum81 · Δ7d +0.1

Value59 · Δ7d -0.9

Sentiment44 · Δ7d -4.5

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+0.1

Δ21d

+16.6

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.9

Δ21d

+1.0

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-4.5

Δ21d

-4.4

Why this grade

Composite grade A. Momentum 81.3 / Value 59.5 / Sentiment 44.2

Fundamentals (TTM)

As of 2026-07-20

Market Cap

$1.75B

Beta

1.21

Shares Out

89.55M

P/E (TTM)

16.2

P/S (TTM)

2.23

P/FCF (TTM)

54.86

Rev YoY

+24.0%

EPS YoY

+35.0%

Gross Margin

+43.1%

Op Margin

+15.3%

Net Debt

-$147.06M

Current Ratio

1.88

As of 2026-07-20 • Updated nightlySource: Internal modelMethodology