• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Opera stock price analysis: more upside, but a risky pattern forms

by February 28, 2025
by February 28, 2025

The Opera stock price has pulled back in the last two consecutive weeks, erasing some of the gains made earlier this year. OPRA has dropped from $22.5 to $18 as investors remained concerns about its growth trajectory. So, will the Opera share price rebound after its strong earnings?

Opera’s business is doing well

Opera is a technology company that operates in the interesting business of browsers that companies like Google, Apple, and Microsoft dominate.

It operates a popular desktop and mobile browser that millions of users worldwide use. These users appreciate the quality of its applications, which they believe is better than preinstalled apps like Chrome, Safari, and Edge.

Opera makes most of its money from Google, which pays it millions of dollars a year to have it as the default search engine. It then receives millions of dollars from advertisers like Booking, Facebook, Netflix, and Amazon.

Opera published strong financial results, which showed that its business continued doing well in the fourth quarter. 

These results showed that the revenue rose by 29% to $145.8 million in the fourth quarter, bringing its annual figure to $480 million.

This growth happened as the search revenue increased by 17% and its advertising segment grew by 38%. The growth was also driven by the Opera GX Browser, which is mostly used by gamers. 

Analysts are optimistic that Opera’s business will continue doing well. The average revenue estimate for the current quarter is $131 million, up by 28% from the same period in 2023. These are strong numbers since Opera has been around for many years.

Opera’s annual revenue will grow by 15% this year to $552 million, followed by $642 million next year. 

The company’s earnings will also return to growth, with analysts expecting the quarterly EPS to move from 34 cents to 49 cents. 

Analysts are optimistic about OPRA stock

Analysts are hopeful that the Opera share price will continue rising. Those at Piper Sandler, TD Cowen, Lake Street, and Goldman Sachs have a buy rating fo the stock. As a result, the average Opera stock price forecast by analysts is $34, higher than the current $17.98. 

Opera is also an undervalued company since it has a solid balance sheet and room to grow its business. It has over $106 million in cash and equivalents and no debt.

Opera has several risks ahead. The most notable one is that it makes most of its money from Google. Companies that depend on one or a few customers are always at a risk if the company decides to cut it off. 

However, with Opera’s users growing, it is unlikely that Google would want to do that. Also, a decision by Google to cut it off would offer an opportunity for Microsoft to ink a similar deal.

Opera stock price analysis

OPRA stock chart by TradingView

The weekly chart shows that the OPRA stock price has rebounded after bottoming at $9.65 in October 23rd to a high of $22.52. This rebound was in line with our recent OPRA stock forecast.

It formed an ascending channel and has remained above the 50-week Exponential Moving Averages (EMA).

This channel closely resembles a rising wedge since the two lines are converging. This convergence has a long way to go, meaning that the stock may rebound, and possibly retest the upper side. 

A complete Opera stock price breakout will be confirmed if it moves above the upper side of the wedge at $22.52. That move may take it to the all-time high of $26.51. 

On the other hand, a drop below the lower side of the wedge will point to more downside to the 50% retracement level at $14.95. 

The post Opera stock price analysis: more upside, but a risky pattern forms appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
IWM ETF: Russell 2000 crashes as fear and greed index tumbles
next post
Top FTSE 100 shares to watch: AAL, ABDN, ITV, Flutter, Entain

Related Posts

Opendoor stock plunges 21% after weak forecast: could...

August 7, 2025

Why Upstart stock tanked on Q2 earnings and...

August 7, 2025

GLD ETF analysis: is this gold fund on...

August 7, 2025

Asian markets open: Nikkei flat on US chip...

August 7, 2025

Europe markets open: Stocks rise; Maersk Q2 profit...

August 7, 2025

SoftBank posts strong quarterly profit of around $2.9B...

August 7, 2025

Trump and Putin to meet next week; White...

August 7, 2025

Is America really getting rich off tariff revenue?

August 7, 2025

Israel’s Leviathan gas field secures historic $35B export...

August 7, 2025

Trump’s tariff gamble on chips and drugs could...

August 6, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What Families Gain at the Dinner Table

    August 7, 2025
  • Superman, Sneaking Snacks into Movies, and the Mystery of Social Order

    August 7, 2025
  • How Telematics Is Reshaping Transportation

    August 7, 2025
  • What Families Gain at the Dinner Table

    August 7, 2025
  • Would Superman Bring Coffee to the Movies?

    August 7, 2025
  • Opendoor stock plunges 21% after weak forecast: could more downside be ahead?

    August 7, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,114)
  • Editor's Pick (210)
  • Investing (185)
  • Stock (1,413)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Should you buy Rolls-Royce stock as it...

July 16, 2025

Top Hang Seng Tech Index stocks gainers...

June 24, 2025

Russian authorities can now convert seized Bitcoin...

April 3, 2025