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Will Preliminary Sales Jump Change Opera (OPRA) Narrative

Simply Wall St · 1d ago
  • Opera reported preliminary third quarter sales of US$182.8 million, which the company said reflected 20% year over year growth as of early November 2026.
  • The update highlights how Opera is leaning on its broader internet platform model, using browsers, AI tools, advertising, gaming, and fintech to support its revenue base.
  • We will examine how Opera's investment narrative as an AI enabled internet platform is affected by the 20% third quarter sales growth.

Scan how Opera’s 20% sales uplift compares with other fast moving internet and AI driven platforms by reviewing the hand picked 40 AI small caps in this same corner of the market.

Opera Investment Narrative Recap

To own Opera, you need to believe the browser can keep evolving into a broader internet platform that monetises hundreds of millions of users across AI tools, advertising, gaming, and fintech. The recent 20% year over year sales uplift to US$182.8 million in the third quarter supports that platform story but does not remove execution risk.

In the near term, the key catalyst is whether Opera can turn AI infused browsers and properties like Opera GX into steadier, higher quality revenue rather than one off gains. The biggest risk is that growth slows toward the low teens that are currently forecast, while heavyweight browser rivals pressure user engagement and ad economics.

According to TheTurntTomato, an investor in the Simply Wall St Community who wrote the Narrative, Opera is still often treated like a mature browser business even though management is pushing hard into AI enabled products. That framing matters when you look at the third quarter update, because the 20% top line uplift sits alongside forecasts that call for earnings growth of about 11% per year.

TheTurntTomato also points out that Opera is already profitable, pays a dividend, and trades on a P/E of 10.8x compared with higher multiples for many software peers. Analysts, including B. Riley Securities and Goldman Sachs, have kept positive ratings through 2026, which keeps attention on whether Opera can keep converting its AI and advertising push into consistent earnings rather than relying on large one off gains.

TheTurntTomato’s narrative lands on a fair value of US$26.29 for Opera by modelling revenue rising 16.1% a year, with future profit margins reaching 17.7%. Together, these support a higher earnings base and imply that an AI enabled internet platform profile could justify that valuation.

Uncover how Opera's fair value indicates a 68% potential upside to its current price before other investors close that discount gap.

NasdaqGS:OPRA 1-Year Stock Price Chart
NasdaqGS:OPRA 1-Year Stock Price Chart

Exploring Other Perspectives

One bullish twist on Opera focuses on MiniPay. The most optimistic analysts were already assuming revenue could reach about US$1.1b and earnings about US$159.5 million by 2029, even before this 20% sales update. That is a far more upbeat story than the baseline, and it may shift again as fresh numbers come through.

Explore 7 other Opera fair value estimates, including one that suggests as much as 312% upside from the current price!

Form Your Own Verdict

Don't just follow the ticker, dig into the data and build a conviction that's truly your own.

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