Billionaire Michael Platt’s 10 Stock Picks with Huge Upside Potential

2. Criteo S.A. (NASDAQ:CRTO)

BlueCrest Capital Management’s Q4 Stake: $89.4 million

Upside Potential as of April 29: 47.16%

Number of Hedge Fund Holders: 21

Criteo S.A. (NASDAQ:CRTO) is a French corporation that specializes in digital performance marketing. Its solution includes data assets, the Criteo Engine, advertising and publisher platforms, and access to inventory. The company’s Criteo Engine distributes adverts across a variety of marketing formats and channels.

On April 28, Benchmark analyst Mark Zgutowicz reduced the price target for Criteo S.A. (NASDAQ:CRTO) shares from $60 to $55, while maintaining a Buy rating. The revision followed projections that first-quarter profitability will surpass original estimates, owing to less severe foreign exchange (FX) headwinds and an elevated Retail Media (RM) take rate in January, which benefited from robust fee increases at the close of the retail fiscal year.

The company reported a 6% year-over-year rise in its adjusted fiscal Q4 2024 revenues, reaching $334 million. Its adjusted earnings also increased by 15% to $1.75 per diluted share, exceeding analyst expectations. Moreover, the retail media segment generated more than $250 million in revenue.