2024-05-25 08:30:00 ET
Summary
- Opera investors have suffered a recent bear market, but the pain could have peaked.
- Opera has continued to grow its higher-value user base robustly, benefiting its monetization opportunities.
- The recent Digital Markets Act in the EU could open up more opportunities for Opera to expand further in iOS.
- OPRA buyers have returned recently, helping it to consolidate.
- I explain why investors still on the sidelines should consider buying before it potentially surges. Read on.
Opera Stock Suffered A Bear Market
Opera Limited ( OPRA ) investors have endured a challenging two months since OPRA stock's buying momentum peaked and stalled in March 2024, close to the $17.5 level. Since my last bullish update on OPRA in March, OPRA fell nearly 30% through its recent May lows, underperforming the S&P 500 ( SPX ) ( SPY ). I underscored my conviction why Opera has been able to continue monetizing higher value users as it scales up in the Western markets and among gaming-focused users. While OPRA has underperformed, my Opera's execution has remained solid. Moreover, I have assessed robust buying sentiments above the $12.5 level, which must be defended resolutely for OPRA to resume its uptrend continuation thesis. ...
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For further details see:
Opera: AI Growth Stock Priced Like A Value Play