DA Davidson Reiterates Buy Rating on Criteo S.A. (CRTO) Amid Reports of M&A Interest

DA Davidson analyst Tom White reiterated a Buy rating and $24.00 price target on Criteo S.A. (NASDAQ: CRTO).

The analyst commented, "CRTO's story isn't squeaky clean, but, with the stock trading at ~1.6x our 2026 EV/EBITDA prior to today's move, we're not surprised that it's attracting some M&A interest at current levels (we note CRTO had been on the D.A. Davidson STAMPEDE list for its M&A potential for some time, before we removed it ~18 months ago). CRTO also has a handful of potential upcoming catalysts that we believe an acquirer might look to get in front of, including: • Ramp in ChatGPT advertising partnership - CRTO was the first ad tech company to formally parter with OpenAI on advertising for ChatGPT. • The recent pick-up in ad tech M&A - including the Publicis acquisition of LiveRamp and WMT's acquisition of Vibe.co. • CRTO's re-domiciling process - first to Luxembourg (expected to be complete in 3Q'26) before an eventual re-domiciling to the United States."

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 $23.17 yesterday.

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