Opera (NasdaqGS:OPRA) previewed its third quarter with 20% revenue growth and adjusted EBITDA above earlier guidance, prompting management to raise the full-year 2026 revenue outlook, supported by advertising and query income.
Despite the upbeat third quarter preview, Opera’s share price has come under pressure in recent months, with a 30 day share price return of 16.27% lower and a 90 day share price return of 26.22% lower. Even so, year to date it is still up 3.44%, and the 1 year total shareholder return of 10.82% and 5 year total shareholder return of 123.11% point to much stronger longer term momentum.
Scan beyond Opera and explore other small caps with earnings support by using our curated list of 38 high quality undervalued stocks for ideas at a similar stage of momentum.
Opera’s browser and advertising engine is delivering solid numbers, yet the share price has been sliding in recent months. So are you looking at a quality business temporarily on sale, or one that is already fairly priced today?
Most Popular Narrative: 44% Undervalued
On the narrative view, Opera’s fair value of $26.29 sits well above the last close at $14.72. This creates a wide valuation gap that hinges on how its broader internet platform story plays out.
Most investors still think of Opera as simply a niche web browser. In reality, OPRA has evolved into a broader internet platform company with businesses spanning browsers, AI-powered productivity tools, digital advertising, gaming software, content discovery, and fintech initiatives. The company serves hundreds of millions of users globally while remaining profitable and generating meaningful cash flow.
See why 10 investors see Opera as 44% undervalued.
Result: Fair Value of $26.29 (UNDERVALUED)
Still, Opera’s reliance on search and advertising contracts, along with intense browser competition from much larger rivals, could quickly challenge that 44% undervalued narrative.
Find out about the key risks to this Opera narrative.
Next Steps
Opera’s story clearly splits opinion, with some investors focused on potential upside and others watching the risk flags more closely. Act while the data is fresh in your mind and weigh both sides by reviewing the 5 key rewards and 1 important warning sign.
Looking for more investment ideas beyond Opera?
Do not stop with Opera. If you want a fuller picture of what the market is offering right now, cast a wider net using targeted stock screens.
- Target steady income opportunities by reviewing companies that currently offer 7 dividend fortresses and see which ones match your return and risk expectations.
- Hunt for potential mispricings by filtering for a 19 high quality undiscovered gems that combine strong fundamentals with relatively limited investor attention.
- Prioritise capital protection first by focusing on a 31 resilient stocks with low risk scores that may suit a more conservative approach without stepping away from the equity market.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com