Analyst Elizabeth Porter of Morgan Stanley maintained a Hold rating on LiveRamp Holdings (RAMP – Research Report), boosting the price target to $38.00.
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Elizabeth Porter’s rating is based on LiveRamp Holdings’ recent financial performance and future growth potential. The company delivered slightly better-than-expected revenue in the third quarter, driven by an increase in Marketplace revenue and a modest beat in Subscription revenue. Additionally, there was an acceleration in CRPO and CRPO-based bookings growth, indicating an improvement in demand and sales execution.
However, despite these positive signals, the revenue upside was modest, and there are concerns regarding muted customer metrics and a slower pace of net revenue retention. These factors are balanced by strong demand signals and management’s optimism about sustaining momentum. With these mixed signals, Porter has opted for a Hold rating, reflecting the belief that while there is potential for future growth, there are still uncertainties to be addressed.
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.