Opera Ltd logo

Opera Ltd(OPRA)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$17.89
10/16/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for OPRA

10/16/2026: OPRA (1-star) is currently NOT-A-BUY. Pass it for now.

Opera Ltd is a niche technology firm known for its specialized web browsers, including the gaming-focused Opera GX. The company excels by differentiating its product experience through performance-oriented features and early integration of AI. Its primary growth story involves capitalizing on high-value user segments in gaming and enhancing browser utility to drive advertising and search revenue. Key risks include significant competition from global tech incumbents, dependence on third-party search partnerships, and regulatory scrutiny over data privacy. Opera may suit growth-oriented investors looking for exposure to digital advertising and gaming niches, though it requires monitoring of search revenue trends and the competitive landscape for browser dominance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitOpera demonstrates consistent revenue growth and a clear strategy to expand its niche gaming and AI-powered browser business.
Momentum investorMixed fitMomentum performance depends on favorable market reception of AI features and gaming browser growth.
Value investorMixed fitValuation is often tied to growth prospects rather than traditional deep-value metrics.
Dividend investorMixed fitThe company pays dividends, but income-focused investors should prioritize the growth-oriented nature of the business.
Low-risk investorWeak fitAs a smaller technology company, Opera exhibits higher volatility than blue-chip software stocks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmaller market capitalization and tech-sector sensitivity contribute to higher daily price swings.
Valuation riskMediumMarket expectations for AI growth are priced into the stock, creating potential for downside if growth slows.
Competition risk (AI and Browser giants)HighIncumbents like Google can rapidly copy features, threatening Opera's niche differentiation.
Business qualityMediumOpera maintains solid margins but relies heavily on third-party search and advertising partnerships.
Dividend incomeLowDividends are a secondary aspect of the total return proposition compared to capital appreciation.
Execution riskMediumContinued success depends on timely AI integration and sustaining engagement in the gaming browser segment.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -29.08%
Avg. Invested days 42
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/16/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
OPRA receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
OPRA has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, solid earnings growth (+34.5%) supports the fundamentals score.

Financial Health Rating

★★★★★
OPRA's financial health is supported by solid cash strength, including free-cash-flow generation (18.7% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is OPRA's strongest growth driver at +54.9% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+28.3%, solid) and earnings growth (+34.5%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 19.2% (soft) and 31.1% of outstanding shares are publicly tradable (moderate). Insider ownership of 7.64% supports management-shareholder alignment.

Top 5 Institutional Investors

Tidal Investments LLC. 2.63%
American Century Companies Inc 2.19%
Schonfeld Strategic Advisors LLC 1.76%
Arrowstreet Capital Limited Partnership 1.11%
ExodusPoint Capital Management, LP 0.94%

Unit Economics (Per $1K Revenue)

★★★★★
OPRA generates approximately $431 of gross profit, $150 of operating income, and $187 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and strong cash conversion support the rating, although capital efficiency remains soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 13.52%

Quantitative Style Profile

★★★★★
OPRA has a high-quality profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.59B USD
Price to earnings Ratio 12.87
1Y Target Price 26.29
Price to earnings Ratio 12.87
1Y Target Price 26.29
Volume (30-day avg) 312.2K shares
Beta 1.2
52 Weeks Range 11.48 - 20.78
Updated Date 10/18/2026
52 Weeks Range 11.48 - 20.78
Updated Date 10/18/2026
Dividends yield (FY) 4.47%
Basic EPS (TTM) 1.39

How Company Makes Money

Business areaWhat it includesRetail investor read
Search & AdvertisingRevenue generated from search engine partnerships and targeted advertising within the browser ecosystem.The primary revenue engine, heavily dependent on how effectively Opera turns its user base into search and ad clicks.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 12.87
Forward PE -
Enterprise Value 1.44B
Price to Sales(TTM) 2.33
Enterprise Value 1.44B
Price to Sales(TTM) 2.33
Enterprise Value to Revenue 2.11
Enterprise Value to EBITDA 8.42
Shares Outstanding 88.92M
Shares Floating 27.68M
Shares Outstanding 88.92M
Shares Floating 27.68M
Percent Insiders 7.64
Percent Institutions 19.15

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.