LiveRamp Price Targets Cut to $35 and $38 with 43%-55% Upside Potential
DA Davidson cut LiveRamp’s price target from $45 to $35 on February 6, implying 43% upside, while Benchmark lowered its target from $53 to $38 on February 3, implying 55% upside. The company beat Q3 revenue and earnings estimates and upheld full-year 2026 guidance despite project-related Q4 expenses.
1. Price Target Revisions
On February 6 and February 3, DA Davidson and Benchmark lowered LiveRamp’s price targets from $45 to $35 and from $53 to $38 respectively, while both firms maintained Buy ratings. These downgrades still imply upside potentials of approximately 43% and 55%.
2. Q3 Performance and Guidance
LiveRamp exceeded analysts’ Q3 revenue and earnings estimates and upheld its full-year 2026 guidance, despite incurring certain project-related expenses in the fourth quarter that weighed on growth. Management noted expectations for softer marketplace expansion relative to earlier forecasts.
3. Growth Forecasts and Upside Drivers
Benchmark projects compound annual growth rates of 6.7% for revenue and 10.3% for adjusted EBITDA based on conservative estimates, supporting the predicted upside. Continued adoption of LiveRamp’s privacy-focused data collaboration platform supports long-term demand as digital advertising evolves.