Criteo price target raised to $65 from $45 at Macquarie

Macquarie analyst Tim Nollen raised the firm’s price target on Criteo to $65 from $45 and keeps an Outperform rating on the shares. The company’s Q2 results were strong and its guidance indicates upside to consensus Q3 and 2024 estimates, the analyst tells investors in a research note. The firm expects 2025 numbers to go up as well. The company’s new Microsoft partnership brings its advertising demand to Criteo’s retail media buying, says Macquarie.