Criteo price target raised to $51 from $49 at BMO Capital

BMO Capital analyst Brian Pitz raised the firm’s price target on Criteo (CRTO) to $51 from $49 and keeps an Outperform rating on the shares. The company reported solid Q2 results, with contribution ex-TAC above consensus, the analyst tells investors in a research note. The AI opportunity is increasingly in focus, given the leverage of real-time inventory, pricing, and availability data as a durable Retail Media advantage, BMO added.