RBC Capital Reiterates a Buy Rating on Criteo S.A.

In a report released today, Andrew Bruckner from RBC Capital reiterated a Buy rating on Criteo S.A. (NASDAQ: CRTO), with a price target of $56. The company’s shares opened today at $40.

Bruckner observed:

“Criteo is an Ad-Tech company focused on performance-based marketing and retargeting. Criteo leverages large amounts of data, proprietary software algorithms and insights into consumer intent to deliver advertising across all devices.”

According to TipRanks.com, Bruckner is a 2-star analyst with an average return of -0.6% and a 33.3% success rate. Bruckner covers the Technology sector, focusing on stocks such as Rubicon Technology, Rubicon Project, and Trade Desk Inc.

Currently, the analyst consensus on Criteo S.A. is Strong Buy and the average price target is $54.75, representing a 36.9% upside.

In a report issued on October 18, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $50 price target.

Criteo S.A.’s market cap is currently $2.29B and has a P/E ratio of 31.93. The company has a book value ratio of 4.2088.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRTO in relation to earlier this year.

Criteo SA operates as a global technology company, which specializes in digital performance marketing. The company enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solution is comprised of the criteo engine, data assets, access to display advertising inventory, and advertiser and publisher platforms. The company also offers e-commerce companies an integrated technology platform that enables comprehensive internet display advertising campaign management and includes a unified and easy-to-use dashboard and a suite of software and services that automates most campaign processes. Criteo was founded by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli on November 3, 2005 and is headquartered in Paris, France.