Opera recently reported impressive first-quarter results, surpassing Wall Street expectations with a 40% revenue increase and a 35% rise in adjusted earnings. The company raised its full-year guidance, projecting a revenue growth of 20%. Analysts unanimously rate Opera as a 'buy' with a target price of $25, indicating a potential 44% increase from current stock levels. Despite facing stock market headwinds, Opera's successful monetization efforts and expanding advertising channels position it for future growth and investor returns.
Opera's strong quarterly results have been overshadowed by market weakness, but analysts predict an impressive turnaround and a price target of $25, indicating 44% potential gains.
With a 40% year-over-year revenue increase and improved adjusted earnings of 35%, Opera is well-positioned for solid growth and an attractive valuation, as its full-year guidance rises.
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