Opera (OPRA) Could Be 25% Undervalued Following Its Higher 2026 Guidance

Opera (NasdaqGS:OPRA) is back in focus after the company raised its 2026 guidance and highlighted growing user engagement with new AI features, even as AI infrastructure and hosting costs weigh on operations.

See our latest analysis for Opera.

Recent AI announcements and the raised 2026 guidance come after a strong year-to-date share price return of 38.02% and a 5-year total shareholder return of 164.33%, suggesting that momentum has been building over both shorter and longer horizons.

If Opera’s AI push has caught your eye, it can be helpful to see what else is gaining traction in the space by scanning 63 profitable AI stocks that aren't just burning cash

After Opera’s sharp move and higher 2026 targets, the dilemma is simple: pay up now for the AI story or wait and hope for a better entry. The valuation numbers can help frame that trade off.

Most Popular Narrative: 25.3% Undervalued

Opera's most followed narrative puts fair value at $26.29 per share versus the last close of $19.64, framing the current AI driven move as only part of the story.

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.

Read the complete narrative.

Want to see what sits behind that internet platform label and the $26.29 fair value tag, according to TheTurntTomato? The narrative leans heavily on Opera's profit trajectory, its forecast revenue path, and assumed margins that tie those two together. The key question is how that engine interacts with growing AI features.

Result: Fair Value of $26.29 (UNDERVALUED)

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

However, Opera’s dependence on advertising and search economics, along with intense competition from larger browser rivals, could quickly challenge this internet platform narrative.

Find out about the key risks to this Opera narrative.

Next Steps

The mix of optimism and concern around Opera is clear, so now is the time to look at the numbers yourself and pressure test the story. To see how the upside case compares with the red flags investors are watching, go straight to 5 key rewards and 2 important warning signs

Looking for more investment ideas beyond Opera?

If Opera’s story has you thinking about what else might be worth your attention, now is a good time to cast a wider net with focused stock ideas.

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• Hunt for opportunities that trade below their estimated worth by reviewing 50 high quality undervalued stocks before others catch on.
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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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