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Investing.com - Goldman Sachs has raised its price target on Opera (NASDAQ:OPRA) to $24.50 from $23.50 while maintaining a Buy rating, citing strong Q2 2025 performance and positive outlook. According to InvestingPro analysis, Opera appears undervalued at its current price of $16.17, with analyst targets ranging from $23 to $33.
The browser company reported Q2 revenue exceeding the top end of its guided range, with robust performance in both search and advertising segments. The company has demonstrated impressive revenue growth of 26.7% over the last twelve months, maintaining a healthy gross profit margin of 54%. Goldman Sachs also highlighted Opera’s solid Q3 2025 revenue guidance as a factor in the upgraded price target.
Opera continues to demonstrate innovation with its upcoming Opera Neon browser, scheduled for public release later in 2025. The company is positioning its platform to capitalize on changing consumer behavior and the evolving competitive landscape driven by advancements in agentic AI.
The launch of Mini Pay, Opera’s stablecoin product available both within the browser and as a standalone app, has gained significant traction with 9 million activated wallets and over 250 million transactions processed.
Goldman Sachs expects investor focus to remain on advertising momentum, browser competitive positioning, product launches targeting agentic AI, and Mini Pay’s scaling efforts through the second half of 2025.
In other recent news, Opera Ltd reported its second-quarter 2025 earnings, which exceeded expectations. The company posted an adjusted earnings per share (EPS) of $0.26, surpassing the forecasted $0.20, representing a 30% surprise. Revenue for the quarter reached $143 million, outperforming the anticipated $137.44 million. These results indicate a positive trajectory for Opera Ltd, as it continues to exceed analyst projections. The company’s strong financial performance has drawn attention from investors and analysts alike. This development follows a period of strategic initiatives aimed at enhancing Opera’s market position. Analysts from various firms are closely monitoring Opera’s progress, with some suggesting potential for continued growth. These recent developments highlight Opera Ltd’s ability to deliver solid financial results amidst a competitive landscape.
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