Opera initiated with an Overweight at Piper Sandler

Piper Sandler initiated coverage of Opera (OPRA) with an Overweight rating and $25 price target The firm likes the story given Opera’s “unique position” as a browser, growth in higher average revenue per user segments and Western Markets, and ramping of new first- and third-party advertising products. The digital ad backdrop is strong and is gaining share in focus verticals, the analyst tells investors in a research note. Piper sees multiple catalysts for the shares in 2025, including the resolution of Google regulatory matters, a scaling of iOS app presence, and a search agreement renewal.