LiveRamp price target raised to $50 from $42 at Craig-Hallum

Craig-Hallum raised the firm’s price target on LiveRamp to $50 from $42 and keeps a Buy rating on the shares. LiveRamp announced the acquisition of Habu for $200M in a cash and stock transaction. The firm believes these businesses are highly complementary and will open the door to a plethora of cross-sell opportunities spanning from SMB to enterprise, walled gardens to open web, and activation to measurement. The strong preliminary Q3 results suggest LiveRamp’s sales team continues to execute at an extremely high level, and will now be empowered to sell a global clean room solution, Craig-Hallum adds.