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Opera Ltd (NASDAQ:OPRA) shares have reached a new 52-week high, trading at $21.91, as the company continues to experience significant growth. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.74, with particularly strong momentum metrics. This latest peak reflects a remarkable 83.46% increase in stock value over the past year, with a notable 17.71% gain year-to-date. Analyst targets suggest further potential upside, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. Opera's ascent to this new high point underscores its robust financial health and the potential for continued upward momentum in the tech sector. The company boasts strong fundamentals with a healthy current ratio of 2.1 and minimal debt. For deeper insights, InvestingPro subscribers can access 12 additional ProTips and a comprehensive Pro Research Report covering Opera's complete financial picture.
In other recent news, Opera Limited has been initiated with an Overweight rating and a $25 price target by Piper Sandler. The firm's analysts emphasize Opera's unique market position as a web browser, growth in user segments with higher Average Revenue Per User (ARPU), and expansion in Western markets. They also acknowledge Opera's development of first-party and third-party advertising products as a positive factor.
Piper Sandler's analysts have identified several potential catalysts for Opera in 2025, including the anticipated resolution of regulatory matters involving Google (NASDAQ:GOOGL), the expansion of Opera's iOS application, and the renewal of its search agreement. They also underscore the strength of the digital advertising environment and Opera's increasing share in its focus verticals.
Opera's valuation, at approximately 9 times the projected 2026 EBITDA, is seen as attractive by Piper Sandler's analysts. They expect the company to see an approximate 20% compound annual growth rate in EBITDA over a three-year period through 2026. These are some of the recent developments for Opera Limited.
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