LiveRamp upgraded to Buy from Hold at Benchmark

Benchmark analyst Mark Zgutowicz upgraded LiveRamp to Buy from Hold with a $33 price target. LiveRamp’s upoming off-shoring and automation cost initiatives are underappreciated and point to visible and meaningful margin expansion through FY25, the analyst tells investors in a research note. The company is well-positioned to drive material margin expansion in each of its next two fiscal years, and LiveRamp’s significant valuation discount to ad tech peers should materially close, the firm says.