OPRA Price Prediction Next Week
Prediction and Recommendation for Opera Limited (OPRA)
Based on the analysis of news sentiment, technical indicators, and fundamental data, here is the prediction and recommendation for Opera Limited (OPRA):
News Sentiment and Fundamental Analysis:
- Strong Q4 Performance: Opera reported a 29% year-over-year increase in revenue to $145.8 million, exceeding expectations. The company also provided strong guidance for Q1 2025, with projected revenue growth of 29%.
- Positive Analyst Ratings: Analysts have raised their price targets for OPRA, with a median target of $26.40, indicating a potential upside of 41.48% from current levels.
- User Growth and New Products: Opera's user base remains stable at 296 million monthly active users, with increasing average revenue per user (ARPU). The introduction of 'Opera Air' has been well-received.
Technical Indicators:
- RSI: The Relative Strength Index (RSI) for OPRA is currently at 61.17, indicating the stock is in a neutral zone and not overbought.
- MACD: The MACD line is slightly below the signal line, suggesting mild bearish momentum, but the stock is trading above its 20-day and 50-day moving averages, which is a bullish sign.
- Fibonacci Levels: The stock is currently trading near the Fibonacci resistance level of $18.35, with support at $17.12.
Price Prediction:
Based on the strong earnings report, positive user growth, and analyst upgrades, OPRA is expected to continue its upward momentum. The stock is predicted to reach $19.20 by the end of the next trading week.
Buy/Sell Recommendation:
Buy: The combination of strong fundamentals, positive news sentiment, and bullish technical indicators suggests that OPRA is a good buy at its current price level of $18.25.
OPRA Similar Chart Price Prediction
The price of OPRA is predicted to go up 0%, based on the high correlation periods with TNFA. The similarity of these two price pattern on the periods is 98.24%.
OPRA
TNFA
Up: 0%Similarity: 98.24%
OPRA Revenue Forecast
OPRA EPS Forecast
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OPRA Analyst's Forecast
Lance Vitanza
TD Cowen
Strong Buy
2024-10-30
Price Target
$25 → $28
Upside
+49.65%
Reports Q3 revenue $123.21M, consensus $120.43M. "Q3 2024 demonstrated the sustained growth performance of our business, with an acceleration of revenue growth well beyond our expectations fueled by our ability to promote our advertising partners to an engaged and increasingly valuable user base. Our revenue overperformance led to another quarter of adjusted EBITDA also exceeding the high end of our guidance," said co-CEO Lin Song. "Our excitement for the path ahead is supported by the combination of expanding monetization opportunities paired with the strength of our product portfolio. With the recent release of our flagship Opera One R2 browser, we enter the fourth quarter with a fresh and unique browser lineup across platforms, and we are enthusiastic about our plans to keep raising consumer awareness about Opera and our products".
Eric Sheridan
Goldman Sachs
Strong Buy
2024-10-30
Price Target
$20 → $23
Upside
+22.93%
