Benchmark Co. analyst Mark Zgutowicz reiterated a Buy rating on Criteo SA (CRTO – Research Report) today and set a price target of $51.00.
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Mark Zgutowicz has given his Buy rating due to a combination of factors surrounding Criteo SA’s strategic position and financial expectations. One key factor is the company’s potential in retail media take rates and its positioning with Microsoft advertiser volumes, which together create an appealing entry point for investors. Despite the stock’s recent decline from its August highs, these elements indicate a promising outlook.
Additionally, Zgutowicz considers some external pressures such as foreign exchange headwinds and seasonal effects in the upcoming quarters. However, he anticipates that Criteo’s management will effectively handle these challenges, and the company’s adjusted EBITDA estimates are projected to surpass consensus expectations. This suggests a positive outlook for Criteo’s financial performance, reinforcing his Buy rating.
According to TipRanks, Zgutowicz is a 5-star analyst with an average return of 22.2% and a 59.38% success rate. Zgutowicz covers the Communication Services sector, focusing on stocks such as Criteo SA, Spotify Technology SA, and Getty Images Holdings.