LiveRamp Holdings (RAMP) has received a new Buy rating, initiated by D.A. Davidson analyst, Clark Wright.
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Clark Wright has given his Buy rating due to a combination of factors that highlight LiveRamp Holdings’ strategic positioning and growth potential. The company is recognized for its significant network effects, which are enhanced by its strong relationships with major enterprises, including a substantial portion of the Fortune 100. These relationships enable LiveRamp to capitalize on upselling opportunities and embed its services deeply into client workflows, thus enhancing its value proposition.
Additionally, LiveRamp is well-positioned to leverage the growing importance of data collaboration in the GenAI era, offering robust data governance capabilities that are trusted by enterprises. The company’s innovative product offerings, such as the data clean room and cross-media intelligence solutions, present new monetization avenues and are expected to drive top-line growth. Furthermore, LiveRamp’s strategic initiatives to expand beyond traditional advertising into areas like consumer experience and vertical solutions underscore its potential for durable growth. These factors, combined with a strong balance sheet and free cash flow generation, support the Buy rating with a $45 price target.
According to TipRanks, Wright is an analyst with an average return of -5.2% and a 47.37% success rate. Wright covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Sprinklr, and Riskified.