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 Stock
Criteo S.A. ADR is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 24 € there is a positive potential of 29.03% for Criteo S.A. ADR compared to the current price of 18.6 €.
