Down 33% This Year, This Under The Radar Stock Has Analysts On Side

In the rapidly evolving landscape of data technology, LiveRamp Holdings, Inc. (NYSE:RAMP) is making significant strides with its innovative data collaboration platform.

Despite the RAMP stock price having fallen 33% since the start of 2024, analysts' price targets remain bullish. The company has some interesting solutions like the Authenticated Traffic Solution (ATS) and RampID. As the industry seeks alternatives to traditional cookies, Wall Street analysts have recognised the potential boon for LiveRamp, poised to benefit from market forces shifting towards its solutions.

LiveRamp's collaborations with industry giants such as Google Ads and Oracle mark its strategic approach, promising net positive revenue streams and enhancing its market position. With an average price target of $36.72 set by Wall Street analysts, the potential upside from here is seen as close to 50%. A recent downward adjustment from Benchmark from $56 to $48 with Buy rating held in tact remains close to the street high, with an almost double seen by the firm from here.

The case of LiveRamp extends its reach beyond the familiar grounds of retail and consumer packaged goods (CPG) into realms like commerce networks, where data collaboration is increasingly critical. At the core of its strategy is the push for enhanced product offerings, which is expected to garner expanded market share and foster strong stakeholder relationships. As the company furthers its commitment to promoting data collaboration, it stands as not just a technology firm, but as a strategic partner in the digital transformation journey of its clients.

Whether LiveRamp can live up to analysts expectations is a great unknown, but with earnings coming scheduled for November 6th, we will have more insights into the operational performance.