After meeting with Criteo's (CRTO) CFO, RBC Capital analyst Mark Mahaney quotes the company as saying that its understanding is that Apple's (AAPL) ad blocking initiative so far only applies to the desktop version of its Safari browser. Criteo reported that it obtains less than 3% of its revenue ex TAC from that source, Mahaney wrote. Criteo also believes that the new feature will not block tracking until the user is on the browser for a certain amount of time. Mahaney says that Criteo has proven adept at adjusting to changing conditions in the past. He keeps a $60 price target and Outperform rating on the stock.

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