LiveRamp price target lowered to $43 from $55 at Craig-Hallum

Craig-Hallum analyst Jason Kreyer lowered the firm’s price target on LiveRamp to $43 from $55 and keeps a Buy rating on the shares. While continued shifts in timeline and strategy for cookie deprecation has stirred up considerable industry noise, LiveRamp continues to execute against its long-term strategy, the firm says. In Craig-Hallum’s view, the shift away from full deprecation to a user opt-in is a relative non-event for LiveRamp, with a growing number of partners continuing to see material improvement in results. Looking ahead, 50% of internet traffic is already “cookieless,” and the firm believes continued examples of improvements in ROI will be hard to ignore. Management took an appropriately cautious tone to expectations for the balance of FY25 given considerable macro uncertainty, Craig-Hallum adds.