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LiveRamp Holdings
(NYSE:RAMP)
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Rating:78Outperform
Price Target:
$43.00
▲(14.00% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily supported by strong financial performance—profitability turnaround, low leverage, and high free-cash-flow generation. Technicals add support with a price above key moving averages and moderate positive momentum. Valuation is reasonable on P/E but lacks dividend support, while corporate events are mixed: the approved acquisition is a positive de-risking catalyst but introduces legal and governance overhang.
Positive Factors
Strong free-cash-flow generation
TTM free cash flow nearly matches net income and has grown 19.34%, giving LiveRamp internal funding capacity for product investment, platform development and transaction needs while reducing reliance on external financing.
Negative Factors
Volatile earnings history
The recent profitability improvement has not yet been proven across multiple cycles. Earlier losses and near break-even results indicate that earnings remain sensitive to execution, customer demand and operating conditions, weakening confidence in long-term margin durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free-cash-flow generation
TTM free cash flow nearly matches net income and has grown 19.34%, giving LiveRamp internal funding capacity for product investment, platform development and transaction needs while reducing reliance on external financing.
Read all positive factors
LiveRamp Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows where sales are generated across regions such as the U.S., EMEA, and APAC. Geographic splits expose growth hotspots, regulatory or economic exposure, and how effectively the company is expanding internationally.
Shows where sales are generated across regions such as the U.S., EMEA, and APAC. Geographic splits expose growth hotspots, regulatory or economic exposure, and how effectively the company is expanding internationally.
Data provided by:
The Fly
The FlyLiveRamp Holdings (RAMP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.29B
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)15.3
Beta (1Y)0.93
Revenue Growth8.85%
EPS Growth1015.07%
CountryUS
Employees1,300
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)2.46
Shares Outstanding60,794,983
10 Day Avg. Volume968,874
30 Day Avg. Volume1,087,558
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.70
Price to Sales (P/S)2.04
P/FCF Ratio9.87
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$38.50Price Target Upside2.07% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.94
Revenue Forecast (FY)$887.92M
LiveRamp Holdings Business Overview & Revenue Model
Company Description
LiveRamp Holdings, Inc. operates as a technology enterprise, delivering sophisticated enterprise data connectivity solutions throughout the United States, Europe, and the Asia-Pacific region. Its product portfolio includes: RampID: A fundamental i...
How the Company Makes Money
LiveRamp primarily makes money by selling subscription access to its data collaboration and identity connectivity platform. Revenue is largely generated from recurring software/platform fees paid by enterprises (e.g., brands/advertisers, agencies,...
LiveRamp Holdings Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial performance: double-digit improvements in profitability, record free cash flow, meaningful customer growth, ARR momentum, and a clear strategic position around AI and usage-based pricing. Near-term headwinds were limited and mostly timing-related (marketplace sequencing, platform upgrade margins, and contract renewal timing). Management provided raised confidence in multi-year targets (Rule of 40 by FY28) and reiterated guidance with narrow ranges for FY26, while noting that some benefits from pricing and AI will materialize over several quarters.Positive Updates
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Negative Updates
Data Marketplace Timing Headwind
Marketplace & other revenue of $54M landed modestly below expectations due to slower data marketplace growth early in the quarter and sequencing of services projects (though reaccelerated mid-November).
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth Above Guidance
Total revenue of $212M, up 9% year-over-year and $1M above the midpoint of guidance; subscription revenue $158M, also up 9%.
Read all positive updates
Company Guidance
The company updated FY‑26 guidance calling for revenue of $810–814M (roughly 9% growth), gross margin of ~72–73% (down 1–2 pts as platform migration completes), and non‑GAAP operating income of $180M (a 22% margin), while GAAP operating income is expected to be ~ $84M (≈10% margin); management reiterated FY‑26 as “rule of 31” (9% revenue growth, 22% operating margin) and a longer‑term goal of Rule of 40 by FY‑28 (10–15% revenue growth and 25–30% non‑GAAP operating margin). For Q4 they guided revenue of $203–207M, non‑GAAP operating income of ~ $38M (≈18% margin), subscription revenue up high single digits, marketplace & other revenue up low double digits, and gross margin ~72%. They expect free cash flow to be up slightly for the year, EBITDA conversion >75%, continued share repurchases (Q3 FCF $67M; $39M repurchased in Q3; FY‑to‑date repurchases $119M vs. FCF $108M), stock‑based comp of roughly $81M (down ~25% YoY), and signaled confidence in returning to 10%+ revenue growth next year given ARR momentum and AI/usage‑based pricing tailwinds.LiveRamp Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 832.10M | 812.94M | 745.58M | 659.66M | 596.58M | 528.66M |
| Gross Profit | 589.26M | 574.82M | 529.67M | 480.17M | 426.50M | 381.23M |
| EBITDA | 117.55M | 111.46M | 40.22M | 46.30M | -97.70M | -39.81M |
| Net Income | 155.72M | 145.95M | -814.00K | 11.88M | -118.70M | -33.83M |
Balance Sheet | ||||||
| Total Assets | 1.28B | 1.29B | 1.26B | 1.23B | 1.17B | 1.33B |
| Cash, Cash Equivalents and Short-Term Investments | 371.02M | 387.05M | 420.83M | 368.91M | 497.25M | 607.66M |
| Total Debt | 33.12M | 29.57M | 36.29M | 42.22M | 47.17M | 61.23M |
| Total Liabilities | 301.41M | 322.20M | 310.51M | 282.31M | 246.63M | 270.68M |
| Stockholders Equity | 977.40M | 971.98M | 948.86M | 949.13M | 926.08M | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 200.36M | 167.56M | 154.61M | 103.19M | 35.15M | 73.58M |
| Operating Cash Flow | 201.77M | 168.93M | 155.65M | 107.45M | 39.84M | 78.08M |
| Investing Cash Flow | -4.72M | -4.93M | 21.39M | -173.68M | -29.00M | 7.58M |
| Financing Cash Flow | -196.87M | -199.34M | -102.70M | -59.12M | -146.01M | -66.98M |
LiveRamp Holdings Technical Analysis
Neutral
37.72
Price Trends
37.72
Negative
34.99
Positive
31.21
Positive
Market Momentum
<0.01
Positive
48.52
Neutral
48.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RAMP, the sentiment is Neutral. The current price of 37.72 is below the 20-day moving average (MA) of 37.75, above the 50-day MA of 37.72, and above the 200-day MA of 31.21, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 48.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RAMP.
LiveRamp Holdings Risk Analysis
LiveRamp Holdings disclosed 28 risk factors in its most recent earnings report. LiveRamp Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveRamp Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.29B | 15.35 | 16.16% | ― | 8.85% | 1015.07% | |
73 Outperform | $2.52B | 5.81 | 114.57% | ― | 0.96% | 326.64% | |
72 Outperform | $1.10B | 13.80 | 8.38% | 6.94% | 7.02% | 131.61% | |
67 Neutral | $1.88B | 45.05 | 19.61% | 0.70% | 12.20% | -13.97% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
RAMP
LiveRamp Holdings
37.75
10.13
36.68%
TDC
Teradata
28.55
7.43
35.18%
ATEN
A10 Networks
27.03
9.63
55.33%
TUYA
Tuya
1.90
-0.78
-29.10%
LiveRamp Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsShareholder Meetings
LiveRamp Shareholders Approve Merger with Publicis-Backed Entity
Positive
Aug 17, 2026
On August 17, 2026, LiveRamp stockholders approved the previously announced merger agreement under which Covey Merger Sub, an MMS USA Holdings subsidiary backed by Publicis Groupe, will merge into LiveRamp, leaving LiveRamp as a wholly owned subsi...
Legal ProceedingsM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
LiveRamp Addresses Shareholder Lawsuits Over Merger Disclosures
Negative
Aug 10, 2026
On May 16, 2026, LiveRamp agreed to be acquired by MMS USA Holdings via a merger that will make LiveRamp a wholly owned subsidiary, with shareholder approval to be sought at a special meeting scheduled for August 17, 2026.Following its July 6, 202...
Executive/Board Changes
LiveRamp Announces Resignation of Director Kristi Argyilan
Neutral
Jul 20, 2026
On July 17, 2026, LiveRamp Holdings, Inc. announced that director Kristi Argyilan had resigned from the company’s Board of Directors, effective immediately, after joining the board on February 11, 2026. The company stated that her departure ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.