CRTO - Criteo may be worth $60 a share in a takeover - analyst

• Criteo SA ( NASDAQ: CRTO ) may be worth more than $60 a share in a takeover after a report that it's hired engaged with an adviser to explore a sale , according to a Truist analyst. Criteo rose 7% .
• Applying 10x EV/EBITDA for the Nielsen leveraged buyout deal last year, to Criteo's 2025 target AEBITDA and discounted back 2 year at 10%, yields a share price of >$60, Truist analyst Matthew Thornton, who has a buy rating and $35 price target on Criteo, wrote in a note on Tuesday. A $60 price would represent ~80% upside from current levels.
• Reuters reported earlier Tuesday that Criteo engaged with Evercore to explore a sale. The company is undergoing a new try at selling itself after kicking off an exploratory process last week.
• Bloomberg reported in February 2021 that ad-tech firm Criteo ( CRTO ) had drawn takeover interest. The company has drawn interest before, and ad giant WPP ( WPP ) was close to buying Criteo in 2017.

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