Criteo (CRTO) Loses 13.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Criteo S.A. (CRTO) has experienced a significant downtrend, with a 13.6% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1][5][7] Group 1: Stock Performance - The stock has faced heavy selling pressure, leading to a decline of 13.6% in the last four weeks [1] - The Relative Strength Index (RSI) for CRTO is currently at 28.25, indicating that the stock is oversold [5] - Oversold stocks are often seen as potential entry points for investors looking for rebounds [3] Group 2: Analyst Sentiment - There is a strong consensus among sell-side analysts to raise earnings estimates for CRTO, resulting in a 6.6% increase in the consensus EPS estimate over the last 30 days [7] - A positive trend in earnings estimate revisions typically correlates with price appreciation in the near term [7] Group 3: Zacks Rank - CRTO holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises [8]