Lance Vitanza, an analyst from TD Cowen, maintained the Buy rating on Opera. The associated price target remains the same with $33.00.
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Lance Vitanza has given his Buy rating due to a combination of factors that highlight Opera’s strong performance and future potential. The company reported an impressive quarter, surpassing expectations and leading to an upward revision of its guidance, which even exceeded the highest estimates on the street.
Opera’s core business demonstrated robust execution, and its advancements in AI, particularly through Deep Research and Neon, are enhancing its market position. Additionally, the significant growth of MiniPay, which has surpassed 10 million wallets and 310 million transactions, indicates the potential for scalability and additional value creation.
In another report released yesterday, Lake Street also maintained a Buy rating on the stock with a $24.00 price target.