SunTrust analyst Matthew Thornton downgraded Criteo (CRTO) to Hold and lowered his price target to $24 from $32, citing uncertainty over potential measures by Google (GOOGL) to restrict advertising targeting across its Marketing Platform, including its Chrome browser. The analyst believes that in the most adverse scenario, to which he assigns a 35% probability, Criteo target could fall to $11, while in the more benign alternative scenario, he estimates a $32 price target. Thornton notes that while the company is executing well, its efforts remain constrained "at every turn" by data privacy headwinds.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Alphabet (GOOGL), the parent company of Google, is scheduled to report first quarter 2024 results after the market close on Thursday, April 25, with a conference call scheduled for 4:30 pm Eastern Time. What to watch... To see the rest of the story go to thefly.com. See Story Here

Pre-earnings options volume in Alphabet Class A is 1.4x normal with calls leading puts 7:6. Implied volatility suggests the market is anticipating a move near 4.9%, or $7.65, after results are released. Median move over the past eight quarters is 6.6%.

Meta (META), Google (GOOGL), Snap (SNAP), and Amazon (AMZN) all benefit from the U.S.' ban of TikTok, The Washington Post's Will Oremus reports. Meta CEO Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign, Oremus writes. Reference Link