Criteo price target lowered to $38 from $42 at Benchmark

Benchmark analyst Mark Zgutowicz lowered the firm’s price target on Criteo (CRTO) to $38 from $42 and keeps a Buy rating on the shares. Criteo’s positioning with leading large language model labs and retailers’ own first-party sites “suggests they can meet demand wherever it occurs,” the analyst tells investors. Criteo also announced it will redomicile in Luxembourg, removing its limited repurchase clause aligned with French laws and unlocking “meaningful share buyback potential,” the analyst added.