FINWIRES · TerminalLIVE
FINWIRES

Criteo Faces Execution Challenges But Core Product Value Remains, Wedbush Securities Says

By

Criteo (CRTO) faces continued execution challenges that are driving more material declines in its 2026 contribution ex-TAC, but the company retains valuable assets in key areas of digital advertising, Wedbush Securities said in a note Thursday.

The weakness was largely driven by larger clients cutting spending, revising their strategies, and changing the scope of their relationships with Criteo, the investment firm said, while noting that underlying growth in Retail Media and the OpenAI opportunity remain meaningful.

Wedbush said Criteo's Retail Media platform continued to be resilient, with contribution ex-TAC up 20% across the underlying client base and spend rising 31% in constant currency in Q2.

The company's OpenAI brand integration is gaining traction, but is expected to make an impact in 2027 as current spending remains largely in test budgets and the service is available in only seven countries, according to the note.

Wedbush maintained its outperform rating on the stock while lowering its price target to $25 from $30.

Criteo shares were down 1.3% in Thursday trading.

Price: $17.61, Change: $-0.24, Percent Change: -1.34%

Related Articles

Wire

Yojee Completes Mosaic Everest Founding Partner Group, Reaches 12 Total Customer Agreements; Shares Down 4%

Yojee (ASX:YOJ) completed its Mosaic Everest Founding Partner group, with all four positions now signed following Mosaic's commercial launch, bringing total customer agreements on the freight forwarding and customs platform to 12, according to a Thursday Australian bourse filing.The company said the 12 agreements comprise four Everest Founding Partners on 36-month founder terms, three Ignition Partners on two-year founder terms, three standard customers, and two early-adopter agreements, with revenue under all agreements usage-based and recognized progressively as onboarding is completed.The company said revenue under the contracts is not considered material at this stage given the usage-based structure and early stage of onboarding.The company's shares fell 4% in recent Thursday trade.

ASX:YOJ
Wire

Update: Zip Co Fiscal 2026 Underlying Earnings, Revenue Up; Shares Up 12%

(Updates to add stock movement in the headline and the fourth paragraph)Zip Co (ASX:ZIP) logged AU$0.0916 in underlying earnings per basic share for the fiscal 2026, compared with AU$0.0386 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue was AU$1.34 billion versus AU$1.07 billion previously, the Australia-listed digital financial services company added.The company expects fiscal 2027 group revenue margin of about 8% and group cash earnings before taxes, depreciation, and amortization of AU$340 million.Its shares surged 12% in recent trading on Thursday.

ASX:ZIP
Wire

Nordson Fiscal Q3 Adjusted Earnings, Revenue Rise; 2026 Outlook Raised

Nordson (NDSN) reported fiscal Q3 non-GAAP net income late Wednesday of $3.25 per diluted share, up from $2.73 a year earlier.Analysts polled by FactSet expected $3.09.Revenue for the quarter ended July 31 was $817.7 million, up from $741.5 million a year earlier.Analysts expected $779.5 million.For fiscal 2026, the company raised its adjusted EPS guidance to $11.80 to $12.00 from the previous range of $11.30 to $11.80.Revenue projection for the fiscal year was also increased to $3.035 billion to $3.075 billion from $2.93 billion to $3.01 billion previously.Analysts expect EPS of $11.60 on revenue of $2.98 billion.Shares rose around 4% in after-hours trading.

$NDSN