Morgan Stanley analyst Elizabeth Porter maintained a Hold rating on LiveRamp Holdings (RAMP – Research Report) yesterday and set a price target of $34.00.
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Elizabeth Porter’s rating is based on LiveRamp Holdings’ recent performance and future outlook. The company reported a strong fourth quarter, with revenue slightly surpassing expectations due to robust Marketplace and Subscription revenues. Additionally, the company achieved significant net new ARR growth and maintained healthy bookings, supported by the renewal of large, multi-year deals.
Looking ahead, LiveRamp’s guidance for fiscal year 2026 suggests continued revenue growth and improved operating margins, despite macroeconomic uncertainties. The company’s trajectory towards achieving a Rule of 40, with balanced revenue growth and profitability, is promising. However, Elizabeth Porter maintains a Hold rating as she seeks further evidence of the company’s ability to sustain this momentum and successfully implement new initiatives.
In another report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $31.00 price target.