10 Undervalued Growth Stocks for the Next 5 Years

2. Opera Limited (NASDAQ:OPRA)

Potential Upside: 82.65%

Number of Hedge Fund Holders: 18

Piper Sandler analyst James Callahan reiterated a Buy rating on Opera Limited (NASDAQ:OPRA) and set a $24 price target on February 3. The firm’s price target implies an additional 82.4% upside from the current levels.

On February 2, Opera Limited (NASDAQ: OPRA) raised its fourth-quarter revenue outlook, driving a surge in its share price. The browser and AI agent company now expects Q4 revenue to surpass $170 million, an increase from its previous guidance of $162 million to $165 million. This also exceeds the consensus analyst estimate of $164.55 million. Additionally, Opera increased its full-year revenue expectations, and it now expects total revenue for 2025 to surpass $608 million. It reflects more than 26% growth compared to last year.

Lin Song, CEO of Opera Limited (NASDAQ:OPRA), highlighted:

”The Opera browser has always been tailored for the most demanding users. This position is already benefiting us as an increasing number of people consider what browser is best suited to be their gateway and point of integration across web content, services, and the AI-powered tools that they increasingly rely on. Our high-ARPU Western user base increased by approximately 2M users sequentially from the third to the fourth quarter, providing a powerful tailwind for our monetization engines.”

Opera Limited (NASDAQ:OPRA) provides web browsers and related products for PCs and mobile devices, serving customers in Norway and internationally. The company’s mobile offerings include Opera Mini, Opera GX for PCs & Mobile, and Opera browser for Android & iOS. Its PC browsers include Opera for Computers and Opera GX.