Lake Street analyst Mark Argento maintains $Opera (OPRA.US)$ with a buy rating, and adjusts the target price from $22 to $23.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 16.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Opera (OPRA.US)$'s main analysts recently are as follows:
The company's recent quarterly results have propelled its operating momentum, particularly among high ARPU users, with notable monetization trends. Revenue outperformance this quarter was largely attributed to the strength of the Advertising segment. Furthermore, the company's engagement with gaming, specifically through a sponsorship with League of Legends, is expected to bolster growth in subsequent periods.
The firm observed that Opera's results surpassed their highest estimates, with robust performance continuing into the fourth quarter guidance and presenting a positive forecast for FY25 and subsequent years.
Note:
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