CRTO Stock Price Prediction

In North and South America, Europe, the Middle East, Africa, and the Asia-Pacific, the technology business Criteo S.A. offers marketing and monetization services on the public Internet. The company’s proprietary commerce data, including transaction activity on their digital properties, is derived from clients through its Criteo Shopper Graph. Additionally, it provides Criteo AI Engine solutions such as lookalike finder, recommendation, and predictive bidding algorithms. Additionally, it provides dynamic creative optimization, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement.

The company also offers Criteo Retail Media Solutions, which enables retailers to generate advertising revenues from consumer brands and/or to drive sales for themselves by monetizing their data and audiences through personalized ads, either on their own digital properties or on third-party digital properties. These solutions enable commerce companies to address various marketing goals by engaging their consumers with personalized ads across the web, mobile, and offline store environments. Additionally, it provides third-party AdTech platforms, agencies, performance advertisers, and media owners with sophisticated media buying, selling, and packaging capabilities through its real-time advertising technology and trading infrastructure. It provides services to businesses in the classifieds, travel, and digital retail sectors. Paris, France, serves as the corporate headquarters of Criteo S.A., which was founded in 2005.

The world’s top Commerce Media Platform is offered by CRTO Stock, a multinational technology business, to marketers and media owners. Utilizing data and artificial intelligence, the firm develops relevant and powerful advertising for consumers on the open internet. The NASDAQ Global Select Market lists the company’s stock under the ticker CRTO.

Prices

The closing price of the CRTO stock was $31.02, with a market capitalization of $1.74 billion (44 million shares outstanding). On NASDAQ, the CRTO is traded under the symbol CRTO. On the last day, the price of CRTO increased by 0.55%. The present outlook for the price of CRTO stock is optimistic.

The business recorded revenue of $469 Million in Q2 2023, a 5% year-over-year decline or 4% at constant currency. The gross profit increased by 8% to $200 Million. $240 million was contributed ex-TAC, a 12% rise from the previous year or 13% at constant currency.

$2 million was lost in the net or $0.05 per dilutive share. An adjusted diluted EPS of $0.49 was produced from $56 million in adjusted EBITDA. In Q2 2023, free cash flow was $44  Million, while cash flow from operating activities was $1 Million. As of June 30, 2023, the company had $261 Million in cash and marketable securities.

Analysis

To re-establish positive momentum and aim for the next resistance level at $34.50, the price of CRTO stock must break above the 50 and 200 SMAs.

The adverse market mood and low volume are putting pressure on the stock price. The support level at $30.50 and the 200 SMA were both tested by the stock.

The share price has broken down below the 50 SMA and is moving in the direction of the 200 SMA as it consolidates within a constrained range. In the earnings report and the guidance for the upcoming quarter, the stock may see a breakdown. Earnings reports were poorly received by the market.

Additionally, the business anticipates third-quarter adjusted EBITDA to be in the range of $58 and $62 million. The firm raised its forecast for revenue ex-TAC and adjusted EBITDA margin for the entire year of 2023. 

With the contribution from its acquisition of Iponweb included, the business now anticipates the contribution ex-TAC to rise by a high single-digit to low double-digit percentage at constant currency. Additionally, the business anticipates that for the entire year 2023, the adjusted EBITDA margin will be in the range of 28% of Contribution ex-TAC.

On the Daily Chart

• The Moving Averages Convergence Divergence (MACD) indicator for Criteo SA (CRTO) is -0.38, indicating that Criteo SA is a Buy.
• With a share price of $31.02 and a 20-Day exponential moving average of 32.91, Criteo SA (CRTO) is a Sell.
• With a share price of $31.02 and a 50-Day Exponential Moving Average of 32.95, Criteo SA (CRTO) is currently a Sell.

On the Weekly Chart

• The Moving Averages Convergence Divergence (MACD) indicator for Criteo SA (CRTO) is 0.84, indicating that Criteo SA is a Buy.
• With a share price of $31.02 and a 20-Day exponential moving average of 32.08, Criteo SA (CRTO) is currently a Sell.
• With a share price of $31.02 and a 50-day exponential moving average of 30.67, Criteo SA (CRTO) is a Buy.

Indicators

• A relative Strength Index (RSI) of 47.42 for Criteo SA (CRTO) indicates a Neutral trend.
• The Trend Strength Indicator (ADX) for Criteo SA (CRTO) is 17.77, indicating a Buy.
• The Commodity Channel Index (CCI) for Criteo SA (CRTO) is -38.28, producing a Neutral signal.
• The price rate of change (ROC) for Criteo SA (CRTO) is 1.67, generating a buy signal.

Prediction

By August 10, 2023, the value of Criteo S.A. shares will decrease by -3.30% and hit $30.00 per share, based on our most recent CRTO stock forecast. Our technical indicators indicate that the current mood is Neutral, while the Fear and Greed Index is 39 (Fear). With 5.36% price volatility over the previous 30 days, the CRTO stock experienced 17/30 (57%) green days. Given that the price of Criteo S.A. stock is currently trading at 3.41% over our projection, it is not a good time to purchase CRTO stock.

2025 Stock Prediction for Criteo S.A.

If Criteo S.A. shares continue to increase at the same average annual pace as they did during the previous 10 years, the stock projection for the company for 2025 is currently  31.44. The CRTO stock price would improve by 1.35% as a result.

2030 Stock Prediction for Criteo S.A.

If Criteo S.A.’s stock continues to increase at its current 10-year average rate, it will reach $ 32.51 in 2030. If the Criteo S.A. stock forecast for 2030 comes true, the price of the CRTO stock will increase by 4.82% from the present.