Momentum models forecast the "opra stock price forecast" extending gains into Q3 2024 if it sustains above the 21-day EMA. Price targets reflect confidence in both technical and fundamental growth drivers. The Bank of England decided to cut the interest rates by 25 basis points and mentioned that expected reductions would be gradual. This is because of the expectations that the British government's first budget might lead to increased inflation and economic growth. As per Reuters, BoE mentioned that inflation is expected to rise to ~2.5% by the end of 2024 from 1.7% in September and 2.7% by 2025 end before declining gradually below its 2% target in mid-2027. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Market sentiment analytics reveal that the "opra stock price forecast" benefits from positive social media buzz. This behavioral finance factor contributes to shorter-term rallies and intraday volatility.