LiveRamp price target lowered to $30 from $45 at Susquehanna

Susquehanna analyst Shyam Patil lowered the firm’s price target on LiveRamp to $30 from $45 and keeps a Positive rating on the shares. The analyst said while they are seeing some impacts from the macro such as longer sales cycles and relative softness from SMB customers, the company’s strong recurring revenue base, solid competitive positioning in the data ecosystem, and focus on proactively managing costs are helping to drive results.