Weekly Recap | Opera +1.76%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.The Week
Opera added 1.76% this week to close at $17.89, outperforming the S&P 500 by roughly 3.71 percentage points as the benchmark fell 1.95%. The week traded in a range: it opened at $17.61 on Monday, pushed to a high of $18.25 on Tuesday, dipped to $17.52 on Wednesday, recovered to $18.17 on Thursday, and settled at $17.89 on Friday. There was no major catalyst, and the stock largely tracked the broader tape.
Analyst Ratings
Seven analysts cover Opera: six rate it buy and one rates it overweight, with a consensus rating of strong buy. The consensus target is $26.29, implying about 46.9% upside from the current price of $17.89. Targets range from $23.00 to $33.00, a wide spread. The stock ranks 90 out of 205 within its application software industry.
The Week Ahead
Next week’s macro calendar skews toward housing and inventory data. On 19 October (Monday), the NAHB housing market index is due, with a prior of 32 and a forecast of 32. Housing starts are due on 20 October (Tuesday), with a prior of 1.275m and a forecast of 1.305m. Weekly EIA crude inventory follows on 21 October (Wednesday). Watch how macro sentiment feeds into application software names.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.