Why Criteo Stock Popped 18% Higher Today
Shares of Criteo (NASDAQ: CRTO) soared on Wednesday, boosted by a strong earnings report. The digital advertising expert's stock rose as much as 23.1% in the morning, backing down to a 17.9% gain at the end of the day.
Criteo's adjusted fourth-quarter revenues rose 6% year over year, landing at $334 million. Adjusted earnings jumped 15% higher to $1.75 per diluted share. Your average Wall Street analyst would have settled for earnings near $1.37 per share on revenues in the neighborhood of $332 million.
The company saw especially strong results in the retail media segment, with an inflow of new clients and growing network effects. In other words, Criteo's brand-building tools continued a strong growth trend that started in 2022.
Source Fool.com
Criteo S.A. ADR Aktie
Die Criteo S.A. ADR Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Auf Basis des aktuellen Kurses von 17.1 € ergibt das Kursziel von 42 € ein Potenzial von 145.61% für Criteo S.A. ADR, was mehr als eine Verdoppelung ergeben würde.
