Opera (NasdaqGS:OPRA) Valuation Check After Raised Guidance And Strong First Quarter Results

Opera (NasdaqGS:OPRA) drew fresh attention after first quarter 2026 earnings, reporting sales of US$175.77 million and net income of US$24.79 million, alongside raised full year and second quarter revenue guidance.

See our latest analysis for Opera.

The earnings release and raised guidance appear to have acted as a fresh catalyst, with Opera’s share price up 4.39% over 1 day and posting a 30.22% year to date share price return. The 5 year total shareholder return of 127.08% shows longer term investors have already seen sizable gains.

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With Opera trading at US$18.53 and flagged as trading at a discount to both analyst targets and intrinsic value estimates, the key question is whether this is still a mispriced growth story or if the market already reflects what comes next.

Most Popular Narrative: 13.8% Undervalued

Opera’s latest fair value narrative sits at $21.50 per share versus the last close at $18.53, framing the current setup as discounted but not extreme.

• The assumed bearish price target for Opera is $23.0, which represents the lowest price target estimate amongst analysts. This valuation is based on what can be assumed as the expectations of Opera's future earnings growth, profit margins and other risk factors from analysts on the more bearish end of the spectrum.

Read the complete narrative.

Want to see what kind of earnings path and margin profile are baked into that fair value range, and how rich a future P/E the narrative assumes? The full story joins those moving parts into one pricing roadmap.

Result: Fair Value of $21.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this setup still hinges on Opera managing ad dependent revenues and executing around new AI and fintech products, where regulatory shifts or weaker monetization could quickly challenge the story.

Find out about the key risks to this Opera narrative.

Next Steps

Curious whether the recent optimism really outweighs what could go wrong, or the other way around? Take a closer look at the full mix of concerns and bright spots before you decide, starting with the 5 key rewards and 1 important warning sign.

Looking for more investment ideas?

If Opera has sharpened your interest, do not stop here. Widening your search now can help you spot opportunities others miss while they stay focused on headlines.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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