Last Updated: 11 Nov 2024
Executive Summary
Criteo SA (CRTO) is a technology company that provides open Internet monetization and marketing services. The company has a market capitalization of $19.58 billion and trades on the NASDAQ exchange. Criteo's latest stock price is $36.87.
Company Overview
Criteo was founded in 2005 and is headquartered in Paris, France. The company has over 2,500 employees and operates in over 30 countries. Criteo's platform helps advertisers reach their target audience across all devices and channels. The company's clients include some of the world's largest brands, such as Amazon, Google, and Microsoft.
Fundamental Analysis
Criteo's financial performance has been mixed in recent years. The company's revenue has declined in each of the past two years, and its earnings per share have also declined. However, Criteo's profitability has improved in recent quarters, and the company is expected to return to revenue growth in 2023.
Criteo's balance sheet is strong. The company has a low level of debt and a large amount of cash on hand. Criteo's free cash flow is also strong, and the company is expected to generate significant cash flow in the coming years.
Technical Analysis
Criteo's stock price has been in a downtrend since early 2022. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
Criteo's stock price is likely to remain under pressure in the short term. The company's revenue and earnings are expected to decline in the coming quarters, and the stock is trading below its moving averages. However, Criteo's balance sheet is strong, and the company is expected to generate significant cash flow in the coming years.
Long Term Outlook
Criteo's long-term outlook is more positive. The company's platform is well-positioned to benefit from the growth of digital advertising. Criteo also has a strong balance sheet and a large amount of cash on hand. The company is expected to return to revenue growth in 2023, and its earnings are expected to grow in the coming years.
Analyst Recommendations
The majority of analysts have a buy rating on Criteo's stock. The average analyst target price is $51.92, which represents a potential upside of 38% from the current price.
