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Criteo SA (NASDAQ:CRTO) stock has reached a new 52-week low, touching 23.37 USD. Despite the price decline, InvestingPro data shows the company maintains robust financial health with a perfect Piotroski Score of 9 and holds more cash than debt on its balance sheet. This milestone marks a significant point for the company, which has experienced a challenging year. Over the past 12 months, Criteo SA’s stock has seen a decline of 34.66%, reflecting a broader trend of volatility and adjustment within the market. Trading at a P/E ratio of 12.05 with strong free cash flow yield, current analysis suggests the stock may be undervalued. The drop to this 52-week low underscores the hurdles faced by the company in adapting to changing market conditions and investor sentiments. As Criteo navigates these challenges, stakeholders will be closely monitoring any strategic adjustments the company might undertake to regain momentum and investor confidence. For deeper insights into Criteo’s financial health and growth potential, access the comprehensive Pro Research Report available on InvestingPro, where you’ll find 12 additional exclusive ProTips.
In other recent news, Criteo reported first-quarter results that exceeded analyst expectations, with adjusted earnings per share reaching $1.10, surpassing the forecasted $0.78. The company also reported revenue of $451 million, significantly higher than the expected $259.76 million. Criteo’s Contribution ex-TAC, a key profitability measure, rose 4% year-over-year to $264.4 million, and adjusted EBITDA increased by 30% to $92.1 million. Despite these positive results, several analysts have revised their price targets for Criteo. Benchmark reduced its target to $46 from $55, citing challenges like the transition of its largest client and Uber (NYSE:UBER) Eats US exiting the partnership. JPMorgan also adjusted its price target to $27 from $39, maintaining a Neutral rating due to reduced 2025 revenue guidance and macroeconomic uncertainties. Similarly, Susquehanna set a new price target of $30, down from $38, while maintaining a Neutral rating, due to client changes and softer trends linked to economic conditions. Additionally, Criteo and dentsu have formed a global partnership to integrate Criteo’s Commerce Media Platform across dentsu’s network, aiming to enhance media campaigns.
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