CRTO - Berenberg reduced Criteo estimates to reflect significant currency headwinds
- Berenberg analyst Sarah Simon lowered the firm's price target on Criteo ( CRTO ) to $53 from $58.50 and keeps a Buy rating on the shares.
- The analyst reduced estimates to reflect significant currency headwinds, as well as a more cautious view on e-commerce advertising in the second half of this year and into 2023.
- However, she thinks Criteo shares are "woefully undervalued" at current levels.
- Criteo's SA Quant Rating stands with a Hold whereas, Wall St. Analysts Rating says Buy (8 Very Bullish, Bullish 2).
- Since the start of 2022, Criteo's shares were down around 46% , and over a period of one year, shares were down around 50% .
- Shares are currently -6.60% to $20.94 today.
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Berenberg reduced Criteo estimates to reflect significant currency headwinds