5 Artificial Intelligence Stocks Under $10

4. Opera Limited (NASDAQ:OPRA)

Share Price as of July 5: 4.80

Number Of Hedge Fund Holders: 5

Opera Limited (NASDAQ:OPRA) is a Norwegian multinational technology company that operates as one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms. The company’s total user base, including users of its desktop browsers, mobile browsers and other services exceeds 380 million monthly active users.

Earlier this April, Cowen analyst Lance Vitanza lowered the price target on Opera Limited (NASDAQ:OPRA) to $15 from $18.50 and maintained an Outperform rating on the shares. The analyst said his target reduction reflects marking non-core assets to market, stating that despite trimming his estimates to reflect the Russia/Ukraine war, he sees no impairment to the business and expects the damage to be contained with a quick recovery once the conflict has ended. Opera Limited (NASDAQ:OPRA) also announced a partnership with GameAddik, the game technology subsidiary of ESE Entertainment. The agreement focuses on providing advertising services in connection with the promotion of Opera GX, Opera’s gamer-oriented browser.

By the end of Q1 2022, 5 hedge funds were bullish on Opera Limited (NASDAQ:OPRA), having collective stakes of more than $19.95 million in the growing software company. Among these, Joe Milano’s Greenhouse Funds ranks as the company’s biggest shareholder, with stakes valued at $11.47 million.