Criteo (CRTO): New Search Product Already In Beta - Jefferies

September 16, 2016 7:28 AM EDT
Get Alerts CRTO Hot Sheet
Price: $35.42 +1.14%

Rating Summary:
    15 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies analyst, Brian Pitz, reiterated his Buy rating on shares of Criteo S.A. (NASDAQ: CRTO) after senior management took a positive tone and reaffirmed its ambitious long-term operating model at the company's analyst day.

Since the IPO, Adj. EBITDA margin has grown from ~5% to 11%. Longer-term, margin could reach 15-17%. Criteo is now serving ads directly onto for the first time ever. The analyst is optimistic this promising new search product could drive upside to estimates in 2017 and beyond since it is already in the beta testing phase.

No change to the price target of $63.

For an analyst ratings summary and ratings history on Criteo S.A. click here. For more ratings news on Criteo S.A. click here.

Shares of Criteo S.A. closed at $36.33 yesterday.

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