The company inked a high-profile deal with Alphabet to deploy its Gemini large language model on the Opera browser AI platform. Shares of internet browser company Opera Limited (OPRA 5.53%) rallied on Tuesday, rising 5.5% during the day's session. Opera is a unique tech software company spending big on artificial intelligence (AI) that actually trades at a bargain valuation of just 8.6 times earnings. While Opera reported relatively solid results last quarter, the stock ultimately fell on the back of hefty ...

The average comprises three short-term price targets ranging from a low of $22 to a high of $25, with a standard deviation of $1.73. While the lowest estimate indicates an increase of 58.1% from the current price level, the most optimistic estimate points to a 79.6% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is ...

Wachiwit Opera Stock Suffered A Bear Market Opera Limited (NASDAQ:OPRA) investors have endured a challenging two months since OPRA stock's buying momentum peaked and stalled in March 2024, close to the $17.5 level. Since my last bullish update on OPRA in March, OPRA fell nearly 30% through its recent May lows, underperforming the S&P 500 (SPX) (SPY). I underscored my conviction why Opera has been able to continue monetizing higher value users as it scales up in the Western markets and among gaming-focused u ...

Investors can buy this steadily growing AI stock at an attractive valuation right now. The proliferation of artificial intelligence (AI) technology has given many technology companies a boost over the past 18 months, and Opera (OPRA -0.67%) is one of them -- share prices of the company, which is known for its mobile and personal computer (PC) browsers, have shot up 146% during this period. However, there has been a sharp pullback in Opera stock more recently. The stock hit a 52-week high in mid- July last y ...

Investors in Opera Limited (OPRA) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $2.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

Opera Limited Sponsored ADR (OPRA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -12.2%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Internet - Content industry, which Opera Limited falls in, has gained 2.2%. The key question now is: What could be the stock's future direction?While med ...

OSLO, Norway, May 8, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today the appearance of Frode Jacobsen, Chief Financial Officer, at upcoming investor conferences. Event Details: B. Riley Securities 24th Annual Institutional Investor Conference on May 22nd, 2024. The company will present at 12:15 PM PT. Please note there will be no webcast. TD Cowen's 52 Annual Technology, Media and Telecom Conference on May ...

OSLO, Norway, May 1, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, is proud to announce that the company's completely reimagined desktop browser, Opera One, has won the iF DESIGN AWARD 2024, one of the world's most prestigious design awards. Featuring a reimagined architecture, design, and native AI, Opera One is a browser for the next phase in the evolution of the internet, redefining how users engage with the web. This ...

OSLO, Norway, April 30, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA) ("Opera"), one of the world's major browser developers and a leading internet consumer brand, today announced that it has filed an amendment to its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC"). The amendment corrects a technical error in a table within note 11 to the financial statements, which originated in the XBRL conversion process. Specifically ...

The company's bottom line disappointed as the browser specialist invested heavily in AI.Shares of internet browser company Opera Ltd. (OPRA -6.97%) were falling in Thursday trading, down 8.6% as of 2 p.m. ET.Opera reported earnings last night, and while revenue slightly beat expectations, earnings per share (EPS) missed. The company is spending heavily on a new artificial intelligence (AI) cluster, much like other big tech companies are. However, given the big spend on AI, some may have anticipated better s ...