LiveRamp price target raised to $53 from $51 at Benchmark

Benchmark raised the firm’s price target on LiveRamp (RAMP) to $53 from $51 and keeps a Buy rating on the shares after the company reported upside to fiscal Q1 subscription revenue and operating income expectations. Management is confident the launch of its new pricing model in July, which will transition the company from a generally high-fixed pricing model to a lower cost-based usage model, will produce “many more wins” in the Commerce Media vector, the analyst tells investors in a post-earnings note.