Opera price target raised to $23 from $22 at Lake Street

Lake Street raised the firm’s price target on Opera (OPRA) to $23 from $22 and keeps a Buy rating on the shares after a Q3 report in which the company beat on the top and bottom lines and boosted guidance. The firm sees momentum continuing into Q4 as heightened ad spending around the election and general demand remains strong and is updating its model to incorporate the Q3 beat and elevated guidance.