IPO Stock Watch: Criteo Gets Lift From Buy Rating

By | May 12, 2014

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Stock in digital ad services provider Criteo (CRTO) rose 9.5% to close at 29.43 Monday on high volume, bouncing off its all-time low last week. JPMorgan reiterated an overweight, or buy, rating on Criteo with a price target of 44. Criteo launched its IPO on Oct. 30, priced at 31. It reported Q1 earnings last week. Revenue rose 73% to $210 million and earnings per share minus items rose 220% to 16 cents. In the JP Morgan report, analyst Doug Anmuth Scalper1 News

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