Posted 3/7/2024, 11:30:00 AM
Opera Beats Earnings, Sees Strong Growth from Generative AI Tools
- Opera beat revenue and earnings expectations in its latest quarterly report and predicts continued growth in 2024.
- Its browser AI service Aria has over 1 million users after just 2 months and is driving increased monetization.
- Generative AI tools are one of Opera's core growth drivers going forward.
- Opera stock trades at cheaper valuation multiples compared to high-flying AI stock Nvidia.
- If Opera hits expected 2026 EPS targets, its stock could double from current levels.