Where Criteo Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, Criteo (NASDAQ:CRTO) received mixed analyst ratings, ranging from bullish to bearish. The average 12-month price target for CRTO has been raised to $33.25, marking a 21.66% increase from the previous target. Analysts from BMO Capital, Susquehanna, and Wells Fargo have adjusted their ratings and price targets, reflecting a positive outlook on Criteo's market performance despite its challenges in revenue growth, net margin, ROE, ROA, and debt management.
February 08, 2024 | 8:01 pm
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Criteo's stock may see short-term positive movement due to the raised 12-month price targets and recent analyst upgrades, despite underlying financial challenges.
The increase in the average price target and positive adjustments by analysts from BMO Capital, Susquehanna, and Wells Fargo suggest a bullish sentiment in the short term. However, investors should remain cautious due to Criteo's challenges in revenue growth, profitability, and asset utilization as highlighted in the financial analysis.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100