Wells Fargo analyst Brian Fitzgerald maintained a Buy rating on LiveRamp Holdings (RAMP – Research Report) today and set a price target of $50.00.
Brian Fitzgerald has given his Buy rating due to a combination of factors that suggest a positive outlook for LiveRamp Holdings. The company’s recent unveiling of a new Data Collaboration platform, even before integrating with Habu, represents a significant advancement in terms of simplification, speed of data ingestion, and the scale of data activation. This progression is further supported by the forthcoming integration of LiveRamp’s clean room technology powered by Habu, which is aligned with the authentication frameworks of the top publishers, covering a vast majority of user engagement.
Furthermore, Fitzgerald’s optimism is bolstered by LiveRamp’s strategic partnership with Microsoft Ads in the Connected TV (CTV) space, which not only fosters an existing relationship but also opens the door for future collaborations with notable clients such as Netflix. Additionally, LiveRamp’s identity resolution solutions being made available on the Databricks Marketplace is a significant step, expanding its presence across major cloud computing and data platforms. Google’s increased emphasis on PAIR technology during the summit, as well as the successful retention of Habu’s clients and personnel post-acquisition, further cement Fitzgerald’s confidence in LiveRamp’s potential for growth and market dominance.
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Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RAMP in relation to earlier this year.
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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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