2 Top Bargain Stocks Ready for a Bull Run

Micron is highlighted as a deep-value growth stock, up 90% this year yet still trading at 26x trailing earnings and just 5.5x forward earnings, with DRAM contract prices expected to rise 58% to 63% sequentially and NAND flash 70% to 75%. Opera also posted strong first-quarter 2026 results, with revenue up 23% year over year to $176 million, EPS up 28% to $0.34, and full-year 2026 revenue guidance raised to 19% growth at the midpoint. The article is broadly constructive on both stocks, emphasizing AI-driven memory demand for Micron and improving monetization and user growth for Opera.

Analysis

MU looks less like a simple valuation story and more like a leveraged call option on the memory upcycle. The second-order effect is that AI capex is not only pulling through accelerators; it is forcing a higher-quality, higher-bandwidth memory mix, which tightens supply even when end-demand is uneven. That matters because memory is historically the fastest segment to re-rate when pricing inflects, but it also tends to overshoot in both directions, so the equity can stay “cheap” for longer than investors expect before rerating on forward EPS revisions rather than the current multiple.

The biggest risk to the bullish setup is not demand, but duration: if pricing normalization slips by even one quarter, consensus will likely compress the FY27 earnings multiple before the market can fully digest the upgrade cycle. The article’s implied upside is strongest over 3-9 months, but the stock is now exposed to any hint of wafer starts rising, customer inventory rebuilding, or mix shift away from the highest-margin parts. In other words, the near-term trade is momentum plus estimate revisions; the medium-term risk is the market front-running peak earnings.

OPRA is a different kind of rerating candidate: the market is likely still underappreciating how much of the monetization lift is coming from product surface area expansion rather than pure traffic growth. MiniPay creates a monetization wedge beyond ad inventory, and that can lift ARPU without requiring a breakout in MAUs; the hidden upside is that payments and browser economics can reinforce each other, creating a flywheel that competitors with generic browsers cannot easily replicate. The main contrarian concern is that this is still a small-cap quality story with execution risk, and any slowdown in ARPU or guidance cadence would quickly de-rate the stock despite the low headline P/E.

Key Decisions for Investors

• Long MU on pullbacks over the next 1-3 weeks; use a trailing stop below the most recent quarterly gap-up base. Risk/reward favors trend continuation if DRAM/NAND pricing stays firm into the next earnings cycle.
• Buy MU Jan-2027 calls or call spreads to express the FY27 earnings revision story with defined risk; target payoff is a re-rating toward a mid-teens forward multiple on revised estimates.
• Pair trade: long MU / short a basket of mature semiconductor names with limited pricing leverage. The trade captures the memory upcycle while hedging broad AI-semiconductor beta.
• Initiate a starter long in OPRA for 3-6 months, but scale only after the next two reporting periods confirm ARPU and MiniPay traction. The stock can rerate materially if monetization stays above revenue growth.
• For more conservative exposure, consider an OPRA call spread into the next earnings date. The setup offers asymmetric upside if the market starts valuing the payments optionality, but caps downside if user growth or monetization stalls.