Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Investing.com - DA Davidson has reiterated its Buy rating and $45.00 price target on LiveRamp Holdings Inc. (NYSE:RAMP), representing a significant upside from the current trading price of $27.49. According to InvestingPro data, the company maintains an overall "GREAT" financial health score.
The research firm’s decision comes after DA Davidson representatives met with LiveRamp’s CFO Lauren Dillard and Head of IR Drew Borst in Los Angeles and San Francisco earlier this week, where they discussed the current state of the adtech ecosystem with investors. The company’s strong balance sheet position, with more cash than debt, supports its strategic initiatives.
DA Davidson noted that since LiveRamp reported its fiscal first quarter 2026 results on August 6th, the stock has underperformed the IGV index by 25 points, which the firm believes has created "an attractive entry point" for the company.
The firm described LiveRamp as a "key player facilitating sophisticated marketing practices growing FCF" and maintained its price target of $45, which represents 14 times the company’s projected fiscal year 2027 free cash flow.
DA Davidson stated that following the conversations with LiveRamp executives, they gained "a better appreciation of the company’s growth levers" which supported their decision to maintain the Buy rating.
In other recent news, LiveRamp Holdings Inc. reported its first-quarter fiscal 2026 results, showing a mixed financial performance. The company achieved revenue of $197 million, surpassing expectations and marking a year-over-year growth of 11%. However, earnings per share (EPS) were reported at $0.35, falling short of the anticipated $0.42. Additionally, shareholders approved an amendment to the company’s 2005 Equity Compensation Plan, increasing the number of shares available by 2,500,000. Analyst firm Benchmark raised its price target for LiveRamp to $53 from $51, maintaining a Buy rating, citing strong first-quarter subscription revenue and operating income. Susquehanna also reiterated its Positive rating with a $50 price target, following the company’s favorable first-quarter performance. Meanwhile, The Trade Desk announced the appointment of Omar Tawakol to its board of directors. Tawakol is known for his role as CEO and Founder of Rembrand and his previous work with Voicea.
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