Cowen & Co. analyst Thomas Champion reiterated a Hold rating on Criteo SA (NASDAQ: CRTO) today and set a price target of $28. The company’s shares opened today at $25.50, close to its 52-week low of $21.
According to TipRanks.com, Champion is a 4-star analyst with an average return of 16.9% and a 60.5% success rate. Champion covers the Technology sector, focusing on stocks such as Sito Mobile Ltd, Mercadolibre, and Yelp Inc.
Currently, the analyst consensus on Criteo SA is a Moderate Buy with an average price target of $33.91, which is a 33.0% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $26 price target.
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Based on Criteo SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $19.85 million. In comparison, last year the company had a net profit of $6.12 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.
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Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include criteo shopper graph; criteo engine; publisher network; client platform; and product portfolio.
