RBC Capital Sticks to Their Buy Rating for Criteo SA

By Carrie Williams

In a report released today, Mark Mahaney from RBC Capital reiterated a Buy rating on Criteo SA (NASDAQ: CRTO), with a price target of $60. The company’s shares opened today at $51.49.

Mahaney commented:

“Criteo is an Ad-Tech company focused on performance-based marketing and retargeting. Criteo leverages large amounts of data, proprietary software algorithms and insights into consumer intent to deliver advertising across all devices.”

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 23.3% and a 73.5% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Currently, the analyst consensus on Criteo SA is Strong Buy and the average price target is $59.80, representing a 16.1% upside.

In a report issued on July 25, Cowen & Co. also reiterated a Buy rating on the stock with a $60 price target.

Based on Criteo SA’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $504 million and quarterly net profit of $12.14 million. In comparison, last year the company earned revenue of $412 million and had a net profit of $12.35 million.

Based on the recent corporate insider activity of 66 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.