Criteo S.A. (CRTO) Committed Towards Geographic Expansion

Criteo S.A. (NASDAQ:CRTO) is one of the 8 best advertising agency stocks to buy according to hedge funds.

Criteo S.A. (NASDAQ:CRTO) has been grabbing headlines lately because of its expansion into new markets. On April 16, the company unveiled plans to expand its relationship with DoorDash Inc. (NASDAQ:DASH) into Canada. The company will act as an extended arm of DoorDash’s advertising sales business in Canada, providing extra branding and agency demand on the platform.

This move supports the stock’s standing as one of the best advertising agency names, as per hedge funds, and is based on an increase in demand for deliveries among consumers. Statistics show that almost 19% of Canadian consumers have increased their orders through deliveries as compared to the prior years. Over 56% orders are placed through third-party apps because of the underlying convenience provided by such apps. There is already good early momentum for DoorDash marketing campaigns launched by Criteo in the United States.

In the words of Janine Flaccavento, Managing Director of Criteo, the company can now allow brands to engage with high-intent customers during their purchase journey on the platform. Advertisers will be able to access sponsored products and sponsored brands, as well as video, display, search, and social campaigns, through the DoorDash platform.

Criteo S.A. (NASDAQ:CRTO) offers platforms that help measure and keep track of business outcomes. These platforms are used for various purposes, like connecting shoppers with brands through customized ads, commerce activation monetization, and customer acquisition and retention solutions. It also offers AI-based solutions for optimization, product-level measurement, and more.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.