Criteo S.A. (CRTO) PT Raised to $34 at Raymond James

Raymond James analyst Aaron Kessler raised the price target on Criteo S.A. (NASDAQ: CRTO) to $34.00 (from $30.00) while maintaining a Outperform rating.

Kessler said they remain optimistic on its strategy to diversify the business (targeting 30% of revenues to be non-retargeting in three years) and return to double-digit growth in 2020 with expanding margins. In addition, they believe valuation remains attractive at ~5/4.5x 2019/2020 EV/EBITDA.

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