Opera stock had its Relative Strength (RS) Rating upgraded from 76 to 81 Wednesday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Opera Stock A Buy?
Opera stock has been consolidating in a tight three-week pattern, but it's not currently showing a proper entry point. Look for the stock to offer a new chance to pick up shares like a pullback to the 50-day or 10-week line.
While the Norway-based company's top line growth fell last quarter from 20% to 17%, EPS grew 411%, up from 80% in the previous report. Look for the next report on or around Apr. 25.
Opera stock earns the No. 7 rank among its peers in the Internet-Content industry group. Meta Platforms, Kanzhun ADR and SEMrush Holdings are among the top 5 highly rated stocks within the group.
