Criteo price target raised to $40 from $35 at Truist

Truist analyst Matthew Thornton raised the firm’s price target on Criteo to $40 from $35 and keeps a Buy rating on the shares after its Q4 results. The analyst is updating the firm’s model to reflect last week’s Reuters report that the company is exploring a possible sale. Truist remains positive on Criteo based on its M&A optionality and its ongoing buybacks into a "nascent product cycle".