Macquarie analyst Tim Nollen has maintained their bullish stance on RAMP stock, giving a Buy rating today.
Tim Nollen’s Buy rating for LiveRamp Holdings is derived from a collection of strategic and performance-related factors. LiveRamp’s recent financial results have surpassed expectations, with the company increasing its FY24 revenue guidance following a strong fiscal third quarter. This guidance adjustment is indicative of the company’s strong performance and potential for continued growth. Additionally, LiveRamp is well-positioned to benefit from the industry’s transition away from third-party cookies, with its acquisition of Habu strengthening its capabilities and market positioning as a vital intermediary for targeted, personalized digital advertising.
The company’s financial health and growth trajectory further solidify the Buy rating. LiveRamp has demonstrated a robust total revenue growth and a consistently high subscription net retention ratio. The acceleration in Annual Recurring Revenue (ARR) growth and a significant year-over-year increase in Non-current Remaining Performance Obligations (RPO) suggest a solid and expanding client base committed to long-term deals. These factors, coupled with LiveRamp’s strategic advantages in the evolving digital ad tech landscape, particularly its integration with Google’s PAIR system and the potential revenue gains from this association, contribute to Nollen’s optimistic outlook for the company’s stock.
In another report released today, Craig-Hallum also reiterated a Buy rating on the stock with a $55.00 price target.
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LiveRamp Holdings (RAMP) Company Description:
LiveRamp Holdings, Inc. engages in providing identity platform leveraged by brands and partners to deliver innovative products and exceptional experiences. The company’s identifyLink connects people, data and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with brands and products. LiveRamp Holdings was founded in 1969 and is headquartered in San Francisco, CA.
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