These Analysts Boost Their Forecasts On LiveRamp After Strong Q2 Results

LiveRamp Holdings, Inc. RAMP reported better-than-expected second-quarter financial results and issued strong third-quarter guidance.

LiveRamp posted quarterly earnings of 43 cents per share, beating market estimates of 24 cents per share. The company’s quarterly sales came in $160 million versus expectations of $152.26 million.

LiveRamp said it sees third-quarter revenue of $165 million, versus estimate of $163.11 million.

LiveRamp shares jumped 19.3% to trade at $35.79 on Thursday.

These analysts made changes to their price targets on LiveRamp following earnings announcement.

• Morgan Stanley increased the price target on LiveRamp from $37 to $40. Morgan Stanley analyst Stan Zlotsky maintained an Overweight rating.
• Susquehanna raised the price target on LiveRamp from $35 to $45. Susquehanna analyst Shyam Patil maintained a Positive rating.
• Benchmark boosted the price target on LiveRamp from $37 to $44. Benchmark analyst Mark Zgutowicz maintained a Buy rating.

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