CRTO - Criteo +13.9% as analysts stay cautious but boost targets post-earnings

Ad-tech company Criteo (CRTO) is up 13.9%, outpacing the broader market after its Q3 earnings beat and alongside price target hikes from analysts that are still sounding cautious notes on the company's turnaround. Stifel raised its target to $16 from $14 (vs. a current price of $15.95), pointing to the broader ad market recovery. But it's sticking with a Hold rating as Criteo still faces core headwinds from re-targeting and privacy developments. (Shares fell off a January high close of $18.17 after Google announced it was implementing its phase-out of third-party cookies by 2022.) JMP is also sticking with a Market Perform rating, though it agrees privacy concerns are a near-term headwind. J.P. Morgan is Underweight on the stock but raises its price target to $12 from $10; it's encouraged by operating discipline and its post-cookie ad performance platform work, but sustainable growth is still somewhere in the future for

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Criteo +13.9% as analysts stay cautious but boost targets post-earnings