LiveRamp Holdings, Inc. (RAMP)
NYSE:RAMP
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LiveRamp Holdings
(NYSE:RAMP)
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Rating:82Outperform
Price Target:
$44.00
▲(52.88% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by improved financial performance (profitability turnaround, low leverage, positive free cash flow) and strong technical trend (price well above major moving averages). Earnings-call guidance and ARR momentum reinforce the outlook, while the announced all-cash acquisition provides additional support. The main constraints are cash-flow volatility (recent FCF decline) and near-term gross-margin pressure tied to platform migration, plus no dividend yield data.
Positive Factors
Balance sheet strength
LiveRamp’s balance sheet is conservative with sizeable cash (~$403M) and effectively no debt, giving the company flexibility to fund product investment, complete platform migration, pursue strategic M&A or sustain buybacks. Low leverage reduces refinancing and liquidity risk over the medium term.
Negative Factors
Free cash flow volatility
Although FCF is positive, the recent 36% TTM decline and historical variability (including prior negative periods) suggest cash generation can be lumpy. This volatility can constrain steady reinvestment, affect buyback pacing, and complicate medium‑term planning for capex and M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
LiveRamp’s balance sheet is conservative with sizeable cash (~$403M) and effectively no debt, giving the company flexibility to fund product investment, complete platform migration, pursue strategic M&A or sustain buybacks. Low leverage reduces refinancing and liquidity risk over the medium term.
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
$2.26B
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)11.3
Beta (1Y)1.07
Revenue Growth9.03%
EPS GrowthN/A
CountryUS
Employees1,400
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)2.30
Shares Outstanding60,087,868
10 Day Avg. Volume3,529,925
30 Day Avg. Volume1,497,247
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 Cap0.83
Enterprise Value/Revenue2.32
Enterprise Value/Gross Profit3.28
Enterprise Value/Ebitda18.11
Forecast
1Y Price Target
$38.50Price Target Upside33.77% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)3.01
Revenue Forecast (FY)$886.99M
LiveRamp Holdings Business Overview & Revenue Model
Company Description
LiveRamp Holdings, Inc., a technology company, provides enterprise data connectivity platform solutions in the United States, Europe, and the Asia-Pacific. The company offers RampID, a true people-based identifier; Safe Haven, an enterprise data e...
How the Company Makes Money
LiveRamp primarily generates revenue by selling access to its data connectivity and identity products as software and related services, largely under subscription and usage-based arrangements. A key revenue stream comes from fees paid by customers...
LiveRamp Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 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
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 812.94M | 745.58M | 659.66M | 596.58M | 528.66M |
| Gross Profit | 574.82M | 529.67M | 480.17M | 426.50M | 381.23M |
| EBITDA | 101.86M | 40.22M | 46.30M | -97.70M | -39.81M |
| Net Income | 145.95M | -814.00K | 11.88M | -118.70M | -33.83M |
Balance Sheet | |||||
| Total Assets | 1.29B | 1.26B | 1.23B | 1.17B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 387.05M | 420.83M | 368.91M | 497.25M | 607.66M |
| Total Debt | 29.57M | 36.29M | 42.22M | 47.17M | 61.23M |
| Total Liabilities | 322.20M | 310.51M | 282.31M | 246.63M | 270.68M |
| Stockholders Equity | 971.98M | 948.86M | 949.13M | 926.08M | 1.06B |
Cash Flow | |||||
| Free Cash Flow | 167.56M | 154.61M | 103.19M | 35.15M | 73.58M |
| Operating Cash Flow | 168.93M | 155.65M | 107.45M | 39.84M | 78.08M |
| Investing Cash Flow | -4.93M | 21.39M | -173.68M | -29.00M | 7.58M |
| Financing Cash Flow | -199.34M | -102.70M | -59.12M | -146.01M | -66.98M |
LiveRamp Holdings Technical Analysis
Positive
28.78
Price Trends
29.42
Positive
27.77
Positive
27.96
Positive
Market Momentum
2.51
Negative
78.21
Negative
97.73
Negative
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 28.78 is below the 20-day moving average (MA) of 32.45, below the 50-day MA of 29.42, and above the 200-day MA of 27.96, indicating a bullish trend. The MACD of 2.51 indicates Negative momentum. The RSI at 78.21 is Negative, neither overbought nor oversold. The STOCH value of 97.73 is Negative, 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 20 risk factors in its most recent earnings report. LiveRamp Holdings reported the most risks in the "Tech & Innovation" 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.26B | 11.34 | 15.26% | ― | 9.03% | ― | |
78 Outperform | $3.14B | 1.78 | 142.47% | ― | -0.82% | 213.63% | |
71 Outperform | $2.13B | 34.43 | 21.19% | 1.33% | 12.08% | -8.14% | |
69 Neutral | $1.30B | 22.46 | 6.22% | 4.71% | 5.43% | 208.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
RAMP
LiveRamp Holdings
37.69
4.90
14.94%
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Teradata
32.22
10.55
48.68%
ATEN
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29.15
12.22
72.13%
TUYA
Tuya
2.10
-0.34
-14.00%
LiveRamp Holdings Corporate Events
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...
Executive/Board Changes
LiveRamp Announces Board Resignation in Routine Governance Change
Neutral
Mar 20, 2026
LiveRamp Holdings, Inc. announced that director Brian O’Kelley, who joined the board in 2023, resigned from the company’s board of directors effective March 18, 2026. The company emphasized that O’Kelley’s departure was not...
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.