Opera Limited (OPRA) Stock

Opera stock has outperformed the S&P 500 significantly since my previous update, validating my bullish thesis. The DoJ's proposed actions against Google could introduce longer-term uncertainties, but investors shouldn't overreact. Opera's solid financial profile, sector-leading profitability, and attractive valuation metrics justify a continued bullish stance on its potential outperformance.

Although OPRA's long-term prospects look promising, increasing marketing costs make the stock a risky bet.

OSLO, Norway , Dec. 5, 2024 /PRNewswire/ -- Opera Ads , the advertising platform from the global browser innovator Opera (NASDAQ: OPRA), is proud to announce its achievement of TAG Platinum status from TAG (The Trustworthy Accountability Group), a leading global initiative combating criminal activity and fostering trust in digital advertising. This prestigious designation – held by only 34 organizations worldwide – recognizes Opera Ads' compliance with TAG's highest standards across fraud prevention, malware protection, and brand safety.

Considering the near-term pressure on margins due to the planned increase in marketing spending and lofty valuation, it is better to stay away from OPRA stock for now.

Opera stock price has staged a strong comeback in the past few months as the company has continued to report strong financial results. The OPRA share price surged to $19.93, its highest level since July 2023.

Key Takeaways: Opera GX rolls out its most immersive update since its 2019 debut A refreshed design language and expanded modding universe takes Opera GX to a new level Unlocks deeper personalization options to tailor every detail to your style OSLO, Norway , Nov. 20, 2024 /PRNewswire/ -- Opera [NASDAQ: OPRA] has unveiled a major facelift for Opera GX - a browser for gamers, featuring a bold new design language, an expanded modding universe, and numerous quality-of-life enhancements. With this update , Opera GX gives users complete freedom to personalize every detail, letting you shape your browser to perfectly match your style.

Opera Limited presents strong fundamentals, promising expansion prospects, and a favorable valuation, making it a standout AI-related investment with medium-term growth potential. Opera Limited's fiscal Q3 2024 results reflected an outstanding financial and operational performance, supported by strategic growth initiatives and a focus on high-value users. Despite potential risks, the combination of Opera's market position and AI advancements offers a compelling investment opportunity.

OPRA's FQ3'24 performance hints at the potential growth acceleration from H1'24 levels, thanks to its improved monetization in Western regions. This is on top of the recently refreshed Opera One for the iOS browser, with it already contributing to the robust "inflow of new iOS users at +33%." OPRA is likely to record another beat performance in FQ4'24, building upon the 14 consecutive quarters of Rule of 40 financial outperformance across revenue and EBITDA growth.

Opera posted strong results in the third quarter, showing signs of improvement in the struggling digital-advertising market.