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Investing.com - DA Davidson has reiterated its Buy rating and $38.00 price target on Criteo S.A. (NASDAQ:CRTO) following the company’s third-quarter 2025 financial results. This target represents a 67% upside from the current price of $22.37, with InvestingPro data showing Criteo appears undervalued based on its Fair Value assessment.
The advertising technology company delivered what DA Davidson described as "solid" results for the quarter against "relatively modest expectations" and provided a "constructive" outlook for the fourth quarter of 2025. Despite the stock taking a significant 35% hit over the past six months, Criteo maintains a "GREAT" overall financial health score of 3.32 according to InvestingPro metrics.
Criteo announced plans to transfer its legal domicile from France to Luxembourg, with an expected completion date in the third quarter of 2026, according to the research note.
The Luxembourg move represents the first step in what DA Davidson indicates is a likely planned relocation of Criteo’s domicile to the United States in 2027.
These domicile changes aim to enable broader eligibility for Criteo in major U.S. stock indices and enhance the company’s flexibility in capital allocation, potentially broadening its shareholder base.
In other recent news, Criteo reported strong third-quarter 2025 earnings, significantly surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.31, which exceeded the forecast of $0.93 by 40.86%. Additionally, Criteo’s revenue reached $470 million, outperforming the projected $281.33 million by 67.06%. BMO Capital, while maintaining an Outperform rating on Criteo’s stock, adjusted its price target from $51.00 to $40.00, highlighting the company’s focus on artificial intelligence. Despite the price target reduction, BMO Capital acknowledged Criteo’s strong performance, noting that Contribution ex-TAC and Adjusted EBITDA were 2.5% and 25% above consensus estimates, respectively. These developments reflect Criteo’s robust financial results and strategic focus, drawing attention from analysts and investors alike.
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