OPRA - Opera: High-Growth And Cheap Valuation Poised For More Upside
2024-03-16 08:44:19 ET
Summary
- Opera Limited stock has experienced a significant recovery since my December update, outperforming the S&P 500 easily.
- Opera's ability to gain more share in higher value users and its industry-leading browser technology present lucrative opportunities.
- Despite a projected slowdown in topline growth, investors have likely priced in the deceleration and remain optimistic about Opera's potential market opportunity.
- Opera also has an attractive growth optionality in the EU as Apple opens up to third-party software vendors.
- With OPRA priced at a low valuation, considering its high-growth potential, I'm confident of further upside from the current levels.
Opera Limited (OPRA) investors have benefited from a significant recovery since my last update in December, when I upgraded OPRA. I assessed that OPRA's overoptimism had been deflated as investors bailed out. Accordingly, OPRA bottomed out at the $10.3 level through late February before we saw a significant post-earnings surge....
Opera: High-Growth And Cheap Valuation Poised For More Upside