Stifel has revised its price target for Criteo (CRTO, Financial), reducing it to $46 from a previous target of $61, while maintaining a Buy rating for the company. Despite unexpected resilience in the advertising sector, Stifel has decided to lower expectations for its coverage of digital advertising, e-commerce, marketplaces, and subscription services across the board.
The adjustment reflects concerns over slowing or potentially declining growth in Gross Merchandise Value (GMV) for e-commerce and marketplace sectors, influenced by rising consumer prices. The firm notes a significant level of uncertainty in projecting forward estimates, likening it to the discomfort experienced outside periods of crisis such as the COVID-19 pandemic.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Criteo SA (CRTO, Financial) is $55.55 with a high estimate of $68.00 and a low estimate of $40.00. The average target implies an upside of 75.22% from the current price of $31.70. More detailed estimate data can be found on the Criteo SA (CRTO) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Criteo SA's (CRTO, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Criteo SA (CRTO, Financial) in one year is $19.93, suggesting a downside of 37.13% from the current price of $31.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Criteo SA (CRTO) Summary page.
