Tougher Times For Criteo, Estimates Reduced
<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/CRTO'>Criteo S.A. (NASDAQ:CRTO)</a>, reducing their price target to $58.50 from $66 given current tough times for the company, while their buy rating was maintained.</p>
<p>The analysts reduced their revenue estimates due to the company’s withdrawal from the Russian market, which accounts for less than 2% of contribution excluding traffic acquisition costs (CexTAC), and the evidence of softer e-commerce spend, which the analysts believe will impact e-commerce advertising. </p>
<p>The analysts now forecast constant FX growth in fiscal 2022 of 8.8%, below the guidance of 10-12% and their previous forecast of 11.7%. The analysts mentioned that the company remains solidly profitable with robust growth potential even after those challenges.</p>

NASDAQ:CRTO