Criteo to Host Virtual Meeting with KeyBanc on July 31

KeyBanc is hosting a virtual meeting featuring Criteo on July 31, offering investors insights and strategies related to the company's market performance. The average target price for Criteo SA is $41.64, with a high estimate of $54.00 and a low estimate of $30.00, implying an upside of 78.54% from the current price. The average brokerage recommendation is 2.1, indicating "Outperform" status.

Criteo SA (CRTO, Financial) is set to present at KeyBanc's virtual meeting on July 31, offering investors insights into the company's market performance. The average target price for Criteo SA has been adjusted to $41.64, with a high estimate of $54.00 and a low estimate of $30.00, indicating an upside of 78.54% from the current price [1]. The average brokerage recommendation is 2.1, indicating an "Outperform" status.

Stifel has recently increased Criteo's price target from $41 to $42, maintaining a Buy rating on the stock [1]. This adjustment reflects the firm's analysis of the digital advertising sector's second quarter earnings, which showed a gradual improvement with June emerging as the strongest month after a sluggish start in April. Despite this positive outlook, the analyst expressed a preference for long positions in other companies within the sector.

Investing.com reported that Benchmark lowered its price target on Criteo SA to $42.00 from $46.00, while maintaining a Buy rating. The company is currently trading near its 52-week low of $23.03, and InvestingPro analysis indicates strong financial fundamentals with a perfect Piotroski Score of 9 [2]. Benchmark expects Criteo to report second-quarter adjusted EBITDA in line with expectations, with potential modest upside from favorable foreign exchange tailwinds.

The company has faced several stock price target reductions from analysts due to challenges such as the transition of its largest client and the exit of Uber Eats US. JPMorgan revised its price target to $27 from $39, maintaining a Neutral rating, due to limited macroeconomic visibility and strategic shifts by some clients [2]. Susquehanna set a new price target of $30, down from $38, following Criteo’s first-quarter earnings report and expected changes with retail media clients [2].

Criteo SA recently announced global partnerships with Mirakl Ads and Adcore Inc., aiming to broaden access to AI-powered retail media solutions and tap into growth among third-party sellers and mid-to-long-tail advertisers [3]. These partnerships address a significant, previously underserved market segment, with third-party sellers collectively outspending first-party brands on Amazon.

Criteo's outlook anticipates $1.4 billion in revenue and $181.2 million in earnings by 2028. The company's forecasts reflect a -10.2% annual revenue decline and a $69.6 million earnings increase from the current $111.6 million level [3]. Simply Wall St Community fair value estimates for Criteo stock span US$33.14 to US$82.01 across three independent views, reflecting broad optimism [3].

References:
[1] https://www.gurufocus.com/news/2992760/criteo-crto-price-target-raised-to-42-by-stifel-crto-stock-news
[2] https://www.investing.com/news/analyst-ratings/benchmark-lowers-criteo-stock-price-target-to-42-on-retail-media-concerns-93CH-4146257
[3] https://simplywall.st/stocks/us/media/nasdaq-crto/criteo/news/the-bull-case-for-criteo-crto-could-change-following-global