Criteo SA Receives a New Rating from Top Analyst

By Ryan Adsit

Jefferies analyst Brian Fitzgerald reiterated a Buy rating on Criteo SA (NASDAQ: CRTO) today and set a price target of $66. The company’s shares closed yesterday at $50.70.

According to TipRanks.com, Fitzgerald is a top 100 analyst with an average return of 15.6% and a 71.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.

Currently, the analyst consensus on Criteo SA is Strong Buy and the average price target is $61, representing a 20.3% upside.

In a report issued on April 3, RBC Capital also reiterated a Buy rating on the stock with a $56 price target.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock.

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Criteo SA operates as a global technology company, which specializes in digital performance marketing. The company enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solution is comprised of the criteo engine, data assets, access to display advertising inventory, and advertiser and publisher platforms. The company also offers e-commerce companies an integrated technology platform that enables comprehensive internet display advertising campaign management and includes a unified and easy-to-use dashboard and a suite of software and services that automates most campaign processes. Criteo was founded by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli on November 3, 2005 and is headquartered in Paris, France.