Criteo price target lowered to $27 from $39 at JPMorgan

JPMorgan lowered the firm’s price target on Criteo (CRTO) to $27 from $39 and keeps a Neutral rating on the shares. The company reported “modest” Q1 CexT upside and a “healthy” adjusted EBITDA profit, but reduced its 2025 CexT guidance due to limited macro visibility and a shift in retail media strategy from two clients, the analyst tells investors in a research note. The firm says Criteo’s largest retail media partner is discontinuing managed services and curtailing the remaining brand demand sales services in November, while Uber Eats will no longer partner with Criteo in the U.S. starting in Q3.