Opera price target raised to $14 from $11 at Lake Street

Lake Street analyst Mark Argento raised the firm’s price target on Opera to $14 from $11 and keeps a Buy rating on the shares after the company posted what the firm called "another strong quarter." The firm expects 2023 to be "another year of continued growth and profitability/cash generation" and believes shares are worth at least $14 per share, even giving "no credit to the AI opportunity" it sees.