Benchmark raises LiveRamp stock target to $48, maintains Buy

On Thursday, Benchmark analysts revised their price target for LiveRamp Holdings Inc. (NYSE: NYSE:RAMP) shares, increasing it to $48 from the previous $45, while sustaining a Buy rating on the stock. According to InvestingPro data, analyst consensus remains bullish with targets ranging from $28 to $50, suggesting potential upside from current levels. The adjustment follows LiveRamp’s reported financial results which surpassed expectations despite prevailing economic challenges.

LiveRamp, a technology company, has demonstrated notable financial performance with both its Annual Recurring Revenue (ARR) and Remaining Performance Obligations (RPO) showing significant acceleration for two consecutive quarters. The company’s revenue grew 14.5% in the last twelve months, with a strong gross profit margin of 71.8%. The company’s RPO growth was particularly strong in the fourth fiscal quarter (F4Q), marking the highest sequential growth since FY19 when the company first started to report this metric.

The company’s resilience is further underscored by the renewal of twenty contracts, each valued at over $1 million annually, during the fourth fiscal quarter. Despite acknowledging the ongoing macroeconomic concerns and extended sales cycles for acquiring new clients, LiveRamp’s management has conveyed a cautious optimism in their FY26E revenue guidance, suggesting it incorporates a healthy level of conservatism.

Revenue from LiveRamp’s Marketplace and Other segments also saw robust performance, achieving its strongest acceleration based on a two-year stack since the second fiscal quarter of 2024. Contributions to this growth came from Oracle (NYSE:ORCL), which is expected to continue this quarter, and Connected TV (CTV) data purchases, which surged by over 50% year-over-year. CTV is estimated to account for nearly 20% of the expected Marketplace revenue for FY25.

In summary, LiveRamp’s financial results have been strong, with the company successfully navigating through a period of economic uncertainty. InvestingPro analysis shows the company maintains a healthy financial position with more cash than debt and strong liquidity ratios. The revised price target from Benchmark reflects confidence in LiveRamp’s growth trajectory and its ability to maintain a positive performance in the face of macroeconomic headwinds. For deeper insights into LiveRamp’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.

In other recent news, LiveRamp Holdings Inc. reported a 10% year-over-year increase in revenue for the fourth quarter of 2025, reaching $189 million. This exceeded market expectations and was driven by a 9% growth in subscription revenue, which totaled $145 million. The company’s operating income also improved significantly, rising to $23 million from $16 million the previous year. Analysts had anticipated revenue of $185.32 million, but LiveRamp’s results surpassed these projections. The company has outlined its outlook for fiscal year 2026, projecting revenue between $787 million and $817 million, representing a growth rate of 6-10%. Additionally, LiveRamp aims to expand its operating margin to 22% and achieve the "Rule of 40" by FY2028. In related developments, LiveRamp continues to focus on enhancing its clean room and cross-media intelligence solutions as part of its strategic initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.