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LiveRamp Holdings
(NYSE:RAMP)
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Rating:79Outperform
Price Target:
$43.00
▲(14.15% Upside)
Action:Reiterated
Date:08/06/26
Overall score is supported primarily by strong financial performance: improving profitability, very low leverage, and robust free cash flow. Technicals are moderately positive with price above key longer-term moving averages and neutral momentum indicators. Valuation is reasonable on P/E but lacks dividend support.
Positive Factors
Strong free cash flow
Sustained ~$200M TTM free cash flow from recurring subscription revenue signals durable cash generation. That cash supports product investment, M&A, buybacks or debt reduction, giving the company long-term flexibility to fund growth and withstand advertising-market cyclicality.
Negative Factors
Earnings volatility
Historic swings from losses to recent profitability highlight earnings sensitivity to execution and demand cycles. This uneven track record suggests profit durability risks if advertising spend softens or customer expansion slows, requiring sustained growth to lock in margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained ~$200M TTM free cash flow from recurring subscription revenue signals durable cash generation. That cash supports product investment, M&A, buybacks or debt reduction, giving the company long-term flexibility to fund growth and withstand advertising-market cyclicality.
Read all positive factors
LiveRamp Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyLiveRamp Holdings (RAMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.30B
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)16.5
Beta (1Y)1.05
Revenue Growth9.03%
EPS GrowthN/A
CountryUS
Employees1,300
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)2.47
Shares Outstanding60,786,316
10 Day Avg. Volume968,874
30 Day Avg. Volume1,087,558
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.70
Price to Sales (P/S)2.04
P/FCF Ratio9.87
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$38.50Price Target Upside2.20% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)2.97
Revenue Forecast (FY)$886.26M
LiveRamp Holdings Business Overview & Revenue Model
Company Description
LiveRamp Holdings, Inc. operates as a technology enterprise, delivering sophisticated enterprise data connectivity solutions throughout the United States, Europe, and the Asia-Pacific region. Its product portfolio includes: RampID: A fundamental i...
How the Company Makes Money
LiveRamp primarily makes money by selling subscription access to its data collaboration and identity connectivity platform. Revenue is largely generated from recurring software/platform fees paid by enterprises (e.g., brands/advertisers, agencies,...
LiveRamp Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial performance: double-digit improvements in profitability, record free cash flow, meaningful customer growth, ARR momentum, and a clear strategic position around AI and usage-based pricing. Near-term headwinds were limited and mostly timing-related (marketplace sequencing, platform upgrade margins, and contract renewal timing). Management provided raised confidence in multi-year targets (Rule of 40 by FY28) and reiterated guidance with narrow ranges for FY26, while noting that some benefits from pricing and AI will materialize over several quarters.Positive Updates
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Negative Updates
Data Marketplace Timing Headwind
Marketplace & other revenue of $54M landed modestly below expectations due to slower data marketplace growth early in the quarter and sequencing of services projects (though reaccelerated mid-November).
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Read all positive updates
Company Guidance
The company updated FY‑26 guidance calling for revenue of $810–814M (roughly 9% growth), gross margin of ~72–73% (down 1–2 pts as platform migration completes), and non‑GAAP operating income of $180M (a 22% margin), while GAAP operating income is expected to be ~ $84M (≈10% margin); management reiterated FY‑26 as “rule of 31” (9% revenue growth, 22% operating margin) and a longer‑term goal of Rule of 40 by FY‑28 (10–15% revenue growth and 25–30% non‑GAAP operating margin). For Q4 they guided revenue of $203–207M, non‑GAAP operating income of ~ $38M (≈18% margin), subscription revenue up high single digits, marketplace & other revenue up low double digits, and gross margin ~72%. They expect free cash flow to be up slightly for the year, EBITDA conversion >75%, continued share repurchases (Q3 FCF $67M; $39M repurchased in Q3; FY‑to‑date repurchases $119M vs. FCF $108M), stock‑based comp of roughly $81M (down ~25% YoY), and signaled confidence in returning to 10%+ revenue growth next year given ARR momentum and AI/usage‑based pricing tailwinds.LiveRamp Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 832.10M | 812.94M | 745.58M | 659.66M | 596.58M | 528.66M |
| Gross Profit | 589.26M | 574.82M | 529.67M | 480.17M | 426.50M | 381.23M |
| EBITDA | 117.55M | 111.46M | 40.22M | 46.30M | -97.70M | -39.81M |
| Net Income | 155.72M | 145.95M | -814.00K | 11.88M | -118.70M | -33.83M |
Balance Sheet | ||||||
| Total Assets | 1.28B | 1.29B | 1.26B | 1.23B | 1.17B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 371.02M | 387.05M | 420.83M | 368.91M | 497.25M | 607.66M |
| Total Debt | 33.12M | 29.57M | 36.29M | 42.22M | 47.17M | 61.23M |
| Total Liabilities | 301.41M | 322.20M | 310.51M | 282.31M | 246.63M | 270.68M |
| Stockholders Equity | 977.40M | 971.98M | 948.86M | 949.13M | 926.08M | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 200.36M | 167.56M | 154.61M | 103.19M | 35.15M | 73.58M |
| Operating Cash Flow | 201.77M | 168.93M | 155.65M | 107.45M | 39.84M | 78.08M |
| Investing Cash Flow | -4.72M | -4.93M | 21.39M | -173.68M | -29.00M | 7.58M |
| Financing Cash Flow | -196.87M | -199.34M | -102.70M | -59.12M | -146.01M | -66.98M |
LiveRamp Holdings Technical Analysis
Positive
37.67
Price Trends
37.68
Positive
33.45
Positive
30.52
Positive
Market Momentum
0.15
Positive
57.50
Neutral
47.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RAMP, the sentiment is Positive. The current price of 37.67 is below the 20-day moving average (MA) of 37.82, below the 50-day MA of 37.68, and above the 200-day MA of 30.52, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 57.50 is Neutral, neither overbought nor oversold. The STOCH value of 47.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RAMP.
LiveRamp Holdings Risk Analysis
LiveRamp Holdings disclosed 28 risk factors in its most recent earnings report. LiveRamp Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveRamp Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.30B | 16.47 | 15.26% | ― | 9.03% | ― | |
77 Outperform | $2.92B | 6.87 | 114.57% | ― | -0.82% | 213.63% | |
72 Outperform | $1.04B | 16.37 | 6.22% | 6.94% | 5.43% | 208.11% | |
67 Neutral | $2.13B | 46.94 | 19.61% | 0.70% | 12.08% | -8.14% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
RAMP
LiveRamp Holdings
37.82
10.02
36.04%
TDC
Teradata
26.95
6.15
29.57%
ATEN
A10 Networks
27.60
9.97
56.58%
TUYA
Tuya
1.76
-0.60
-25.30%
LiveRamp Holdings Corporate Events
Executive/Board Changes
LiveRamp Announces Resignation of Director Kristi Argyilan
Neutral
Jul 20, 2026
On July 17, 2026, LiveRamp Holdings, Inc. announced that director Kristi Argyilan had resigned from the company’s Board of Directors, effective immediately, after joining the board on February 11, 2026. The company stated that her departure ...
Business Operations and StrategyStock BuybackDelistings and Listing ChangesFinancial DisclosuresM&A Transactions
LiveRamp to Be Acquired by Publicis in Cash Deal
Positive
May 18, 2026
On May 16, 2026, LiveRamp agreed to be acquired by Publicis Groupe via an all-cash merger in which shareholders will receive $38.50 per share, valuing the equity at about $2.5 billion and taking the company private. The board unanimously backed th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.