On March 4, 2024, analyst Tom White of DA Davidson maintained a Neutral rating on Criteo (NASDAQ: CRTO) while increasing the price target to $35, up from $27. This adjustment comes after a previous price target change from $47 to $31, also with a Neutral rating. Various analysts have provided different price targets for Criteo, averaging $35.25 with a high forecast of $42.00. The consensus rating for Criteo SA is a Moderate Buy, based on ratings from 8 Wall Street analysts. KeyBanc recently started coverage on Criteo with an Overweight rating and a price target of $40.00. Overall, the stock has received a mix of ratings, ranging from Strong Buy to Hold, with an average brokerage recommendation of 2.00 out of 5.
Criteo (CRTO) Stock Shows Positive Momentum on March 4, 2024: Investors Remain Confident
On March 4, 2024, Criteo (CRTO) stock showed positive momentum as it traded near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well over a longer period, reflecting investor confidence in the company.
CRTO shares experienced a price increase of $0.20 since the market last closed, representing a 0.61% rise. The stock opened at $33.05, which was $0.30 higher than its previous close. This opening price signaled a strong start to the trading day for CRTO.
Investors may be drawn to CRTO’s stock performance on March 4th due to its positive price momentum and strong opening. The company’s ability to trade near the top of its 52-week range and above its 200-day simple moving average suggests that it has been able to maintain a consistent level of performance.
It is important for investors to continue monitoring CRTO’s stock performance to see if this positive momentum continues in the days ahead. By staying informed about the company’s financial health, market trends, and industry developments, investors can make well-informed decisions about their investments in CRTO.
CRTO Stock Performance Analysis: Strong Net Income and EPS Growth Despite Slight Revenue Decrease
On March 4, 2024, investors in CRTO stock saw mixed performance based on the latest financial data released by the company. According to CNN Money, CRTO reported a total revenue of $1.95 billion for the past year, which represents a 3.25% decrease compared to the previous year. However, the company’s total revenue for the fourth quarter was $570.95 million, showing a significant increase of 22.32% compared to the previous quarter. In terms of net income, CRTO reported a net income of $53.34 million for the past year, which is a staggering 495.53% increase compared to the previous year. The net income for the fourth quarter was $61.52 million, showing an impressive 792.7% increase compared to the previous quarter. Earnings per share (EPS) for CRTO stock stood at $0.89 for the past year, representing a 520.6% increase compared to the previous year. However, the EPS for the fourth quarter remained flat at $1.03. Overall, CRTO stock showed strong financial performance in terms of net income and EPS growth, despite a slight decrease in total revenue for the past year. Investors may find these results encouraging, as the company has managed to significantly increase its profitability in a relatively short period. Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions based on this information.
