On Monday Susquehanna announced that it has lowered its target price for Criteo shares from $38 to $30, while maintaining its 'neutral' rating on them, following the publication of the online advertising specialist's Q1 results.

In a research note, the US broker highlighted the "solid" and better-than-expected performance reported by the group last Friday, but also its rather cautious outlook.

The broker attributes this to the desire of two major retail media clients to reduce the scope of their contracts with Criteo.

Susquehanna also cites the weakening economic trends, which it believes have become more volatile, pointing to a changing landscape.


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