Last Updated: 19 Sep 2024
Executive Summary
Opera Ltd. (OPRA), a leading provider of web browsers, exhibits strong financial performance with an impressive EBITDA of $84.57 million and a healthy profit margin of 0.371. The company's revenue has grown by 0.166% year-over-year, reaching $427.25 million. Analysts are optimistic about Opera's future, with a consensus target price of $21.92 and a majority of buy ratings. The stock is currently trading at $14.58, offering potential for upside.
Company Overview
Opera Ltd. is a global technology company headquartered in Norway. It offers a range of web browsers for mobile and PC, including the popular Opera Browser, Opera Mini, and Opera GX. The company also provides online advertising and content discovery services.
Fundamental Analysis
Revenue: Opera's revenue has grown steadily in recent years, reaching $427.25 million in the trailing twelve months.
Profitability: The company's EBITDA margin stands at 0.2, indicating strong profitability.
Earnings: Diluted EPS has increased to $1.78, reflecting a 0.542% growth year-over-year.
Valuation: Opera trades at a trailing PE ratio of 8.19, which is below the industry average. Its price-to-sales ratio of 3.018 is also attractive.
Technical Analysis
Trend: Opera's stock price has been trending upwards since the beginning of the year.
Moving Averages: The 50-day and 200-day moving averages are both sloping upwards, indicating a bullish trend.
Support and Resistance: The stock has recently found support at the $14.50 level and faces resistance at the $15.50 level.
Short Term Outlook
In the short term, Opera's stock price is expected to continue its upward trend. The company's strong fundamentals and positive analyst sentiment should provide support for the stock. However, the market may experience volatility in the coming weeks, which could impact Opera's stock price.
Long Term Outlook
Opera's long-term prospects are promising. The company is well-positioned to benefit from the growing demand for mobile and PC web browsing. Its focus on innovation and user experience should drive continued growth in revenue and profitability.
Analyst Recommendations
Analysts are generally bullish on Opera Ltd. The consensus target price of $21.92 represents a potential upside of over 50% from the current price. A majority of analysts rate the stock as a buy, with only a few recommending a hold rating.
