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Criteo -2.3% as analysts process Apple feature news impact

Published 12/15/2017, 09:48 AM
© Reuters.  Criteo -2.3% as analysts process Apple feature news impact
  • Criteo (NASDAQ:CRTO) is 2.3% lower in continuing fallout from Apple (NASDAQ:AAPL)'s Intelligent Tracking Prevention and the anticipated effects it will have on the company's super cookie.
  • Citi and JMP have downgraded shares to Neutral equivalent, and Jefferies trimmed its price target to $28.
  • SunTrust has cut its price target to $35, and Stifel has gone further, down to $26 from $40. But Stifel says at current levels the company's more likely to attract strategic buyers in the ad tech space. It expects 2018 revenue ex-TAC to be $935M rather than $1.02B.
  • But Macquarie is flying in the face of negativity with an upgrade to Outperform, suggesting the worst case has become the base case and recalibrating expectations accordingly. It's got a lowered price target of $30, impying 26% upside.
  • Now read: Google (NASDAQ:GOOGL) Launches China AI Lab, Still No App Store


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