Hold Rating on LiveRamp: Solid Execution but Lingering Growth Concerns Keep Shares Range-Bound

Analyst Elizabeth Porter of Morgan Stanley maintained a Hold rating on LiveRamp Holdings, retaining the price target of $33.00.

Elizabeth Porter has given his Hold rating due to a combination of factors that balance improving execution with lingering growth questions. LiveRamp posted solid third-quarter results, with revenue slightly above guidance and operating margins meaningfully ahead, supported by strong subscription growth from better sales execution, reseller partnerships, and rising adoption of clean-room driven solutions.

At the same time, softer net revenue retention, pressured by the shift to a new pricing model and weaker usage-based expansion, tempers the near-term growth profile despite encouraging customer additions and a healthier pipeline pointing to a potential return to roughly 10% revenue growth in FY27. Given this mixed setup and a valuation that appears reasonable but not clearly compelling, Porter expects the shares to remain largely range-bound until investors gain greater confidence that growth will reaccelerate and unlock a more meaningful re-rating of the stock.

In another report released on February 6, TipRanks – Anthropic also downgraded the stock to a Hold with a $24.50 price target.