Criteo S.A. (CRTO) PT Lowered to $38 at DA Davidson

DA Davidson analyst Tom White lowered the price target on Criteo S.A. (NASDAQ: CRTO) to $38.00 (from $42.00) while maintaining a Buy rating.

The analyst commented, "We remain BUY-rated on CRTO and nudge up our CY'25 estimates following strong 2Q'25 results that featured CexT 6.2% ahead of consensus (+7% Y/Y FX-Neutral) and $89.4M adj. EBITDA 36% ahead of consensus. The 2Q beat enabled CRTO to bump up its FX-neutral CexT growth forecast for CY'25, from low-single digit growth prior to 3%-4%. After the surprise negative client developments announced on CRTO's 1Q earnings call back in May, CRTO needed a generally clean beat and (at least) hold-type quarter, and that's basically what it delivered in 2Q."

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