Criteo Is Potential Acquisition Target, Pacific Crest Says


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


On Tuesday, Pacific Crest released a note on Criteo S.A. (NASDAQ: CRTO), which called the company a potential acquisition target.Analyst Evan Wilson believes the acquisition of Tedemis “is a good fit for Criteo as it complements its current online display retargeting offering with a new conversion channel.” The acquisition may help “expand Crieto's mix in verticals outside of e-commerce and travel,” according to the analyst.“The expansion of retargeting solutions into email increasingly positions Criteo to be an acquisition target itself,” said Wilson. Amazon had reportedly been interested in purchasing Criteo back in 2012. Sociomantic Labs, a direct competitor of Criteo in Europe, was acquired by Dunnhumby, which shows physical retailers could be interested.According to Wilson, “many of the acquisitions by enterprise companies have targeted email and social solutions...retargeting could be the next vertical of focus."Wilson has an Outperform rating and $55 price target on the stock.The shares are up 1.16 percent to $36.60 in Tuesday's trading, but the stock is still down 31 percent from February's closing price.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Analyst ColorAnalyst RatingsMoversEvan WilsonPacific Crest