Criteo S.A. (CRTO) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Analysis: Criteo S.A. (CRTO) - Criteo S.A. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] - Over the past week, CRTO shares have increased by 19.77%, significantly outperforming the Zacks Internet - Software and Services industry, which rose by 2.44% [6] - In a longer time frame, CRTO shares have gained 15.02% over the past quarter and 38.94% over the last year, while the S&P 500 has only moved 1.46% and 22.28%, respectively [7] - The average 20-day trading volume for CRTO is 469,139 shares, indicating a bullish sentiment as the stock is rising [8] Earnings Outlook - In the past two months, three earnings estimates for CRTO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.32 to$4.61 [10] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, Criteo S.A. is recommended as a stock to consider for near-term investment opportunities [12]