Criteo upgraded by BMO Capital Markets with a new price target
$CRTO
Advertising
Consumer Discretionary
BMO Capital Markets upgraded Criteo from Market Perform to Outperform and set a new price target of $45.00 from $31.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $70.00 | Overweight | Wells Fargo |
| 8/6/2024 | $43.00 → $58.00 | Neutral → Buy | DA Davidson |
| 7/30/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/24/2024 | $31.00 → $45.00 | Market Perform → Outperform | BMO Capital Markets |
| 2/8/2024 | $28.00 → $41.00 | Equal Weight → Overweight | Wells Fargo |
| 1/9/2024 | $28.00 | Market Perform | BMO Capital Markets |
| 10/24/2023 | $40.00 | Overweight | KeyBanc Capital Markets |
| 6/27/2023 | $37.00 | Equal Weight | Wells Fargo |
Wells Fargo initiated coverage of Criteo with a rating of Overweight and set a new price target of $70.00
DA Davidson upgraded Criteo from Neutral to Buy and set a new price target of $58.00 from $43.00 previously
KeyBanc Capital Markets downgraded Criteo from Overweight to Sector Weight
Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google reversed its long-standing plan to eliminate cookies in its Chrome browser due to industry and regulatory pushback. Advertisers and publishers use cookies and small text snippets to identify users and target ads. This decision follows objections from digital advertising companies and regulators to Google’s proposed alternative technologies. Ad-tech players protested, accusing Google of attempting to strengthen its monopoly in the space and making it more difficult for advertisers to track their ads’ performance. Instead of eliminating cookies, Google will now prompt Chrome users to decide whether to enable or disable cookies.
Morgan Stanley analyst Brian Nowak maintains Criteo (NASDAQ:CRTO) with a Equal-Weight and raises the price target from $35 to $39.
At Alphabet Inc (NASDAQ:GOOG), C is still for cookies. The parent company for Google has stirred up the digital advertising world with its unexpected decision to keep third-party cookies in its Chrome browser. After years of promising to phase out these tracking tools, the tech giant has decided to reverse its course, causing ripples throughout the industry. Analysts and insiders have been quick to weigh in on the implications of this surprising move, which has left many ad-tech players relieved and some a bit wary. The U-Turn Everyone Saw Coming Google retains cookies after numerous delays and mixed signals regarding its Privacy Sandbox initiative. The decision not to depreca
Expects to Return a Record $180 Million of Capital to Shareholders in 2024Hosting Retail Media Investor Update on November 18, 2024 NEW YORK, Oct. 30, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO) ("Criteo" or the "Company"), the commerce media company, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: The following table summarizes our consolidated financial results for the three months and nine months ended September 30, 2024: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 YoY Change 2024 2023 YoY Change (in millions, except EPS data) GAAP Results Revenue $459 $469 (2) % $1,380 $1,383 — %
NEW YORK, Oct. 16, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO), the Commerce Media company, will announce its financial results for the third quarter ended September 30, 2024, on Wednesday, October 30, 2024. On that day, Megan Clarken, Chief Executive Officer, and Sarah Glickman, Chief Financial Officer, will host a conference call at 8:00 AM ET, 1:00 PM CET to discuss these results. They will be joined by Todd Parsons, Chief Product Officer, for the Q&A session. To access the conference call, please use the following dial-in numbers and ask to be joined into the "Criteo" call: United States: +1 800 836 8184International: +1 646 357 8785France: 080-094-5120The conference
Raises Full Year 2024 Outlook Announces Retail Media Investor Update on November 18, 2024 NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO) ("Criteo" or the "Company"), the commerce media company, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights: The following table summarizes our consolidated financial results for the three months and six months ended June 30, 2024: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 YoYChange 2024 2023 YoYChange (in millions, except EPS data) GAAP Results Revenue $471 $469 1 % $921 $914 1 % Gross Profit $233 $200 17 % $450 $381 18 % Net Income (loss) $28 $(2)
Live Webcast Available Today at 8:30 a.m. ET NEW YORK, Nov. 18, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO), the Commerce Media company, will discuss the Company's strategy for long-term sustainable growth during its virtual Retail Media Investor Update today. Presentations will begin at 8:30 a.m. ET and will be accessible at that time on the investor section of the Company's website: https://criteo.investorroom.com/Retail-Media-Investor-Update. Megan Clarken, Chief Executive Officer, said, "Criteo is the leading AdTech player in Retail Media, a space set to be the largest secular growth trend in advertising over the next several years. As an independent Retail Media business with techno
Expects to Return a Record $180 Million of Capital to Shareholders in 2024Hosting Retail Media Investor Update on November 18, 2024 NEW YORK, Oct. 30, 2024 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO) ("Criteo" or the "Company"), the commerce media company, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights: The following table summarizes our consolidated financial results for the three months and nine months ended September 30, 2024: Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 YoY Change 2024 2023 YoY Change (in millions, except EPS data) GAAP Results Revenue $459 $469 (2) % $1,380 $1,383 — %
Integrations with Order Management System companies ADvendio, Boostr, Placements.io, and Vantage, as well as Salesforce Media Cloud, will help retailers scale their media businesses with simplicity and agility NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Criteo (NASDAQ:CRTO), the commerce media company, today announced collaborations with leading Order Management System (OMS) companies, ADvendio, Boostr, Placements.io, and Vantage, as well as Salesforce Media Cloud, on new integrations that aim to provide Criteo retailer clients with increased flexibility when building, managing, and scaling their retail media networks.
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Company also welcomes Stephen Howard-Sarin to lead Retail Media in the Americas and round out its roster of retail media talent NEW YORK, Jan. 3, 2024 /PRNewswire/ -- Criteo (NASDAQ:CRTO), the commerce media company, today announced the appointment of Melanie Zimmermann to lead its global retail media practice. As General Manager, Global Retail Media, she will be responsible for further building and scaling Criteo's retail media business and developing its sales strategy worldwide to better support evolving client needs and solidify Criteo's leading position in commerce media.
VTEX (NYSE:VTEX), the global enterprise digital commerce platform, today announced the appointment of Silvia Mazzucchelli, renowned executive of the US Retail & Consumer industry, to its board of directors. Silvia has vast experience in the American market as a former C-level executive of companies like GUESS, TOMS Shoes, American Apparel, ModCloth (a Walmart ecommerce portfolio company), and The Collected Group (a KKR portfolio company). She is a senior advisor to retail and consumer practice to The Boston Consulting Group and serves on corporate boards, including as Chair of the Board of Coyuchi Inc.; and director of Carbon38. Previously, she had also served as Chair of the Board of Seque
NEW YORK, March 1, 2023 /PRNewswire/ -- Criteo S.A. (NASDAQ:CRTO), the Commerce Media company, announced today that its Board of Directors has appointed Rik van der Kooi as an observer to the Board. In addition, the Company intends to nominate Rik for election to the Board at the 2023 Annual Meeting of Shareholders. Rik brings over a decade of experience successfully building and scaling profitable global advertising businesses. Most recently, he was head of Microsoft Advertising from 2010 to 2022 where he was instrumental in the development of Microsoft's fast-growing advertising business, and led the acquisitions and integration of PromoteIQ and Xandr. Under his leadership, Microsoft quick
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