Criteo Is Undervalued, Berenberg Bank Review
Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/CRTO'>Criteo S.A. (NASDAQ:CRTO)</a>, mentioning that the company is well-positioned to weather the deprecation of third-party identifiers, including that which was announced by Google last week, given its evolving business mix and extensive first-party integrations. </p>
<p>According to the analysts, valuation completely fails to reflect this, and they reiterate their Buy rating and a price target of $66 (current stock price is $31.06).</p>
<p>While guidance for 2022 non-GAAP operating expense growth of 16% was higher than anticipated, this should support further top-line acceleration in 2023, according to analysts. Even with this sizeable reinvestment in the business, the analysts believe the company will deliver margins of more than 32%. Given the market will give the company far more credit for top-line expansion than for profitability, the analysts think investing for growth is the right thing to do.</p>

NASDAQ:CRTO