Acxiom (ACXM) PT Raised to $57 at BMO Capital

BMO Capital analyst Daniel Salmon raised the price target on Acxiom (NASDAQ: ACXM) to $57.00 (from $52.00) while maintaining an Outperform rating following meetings.

Salmon commented, "We hosted meetings with Acxiom/LiveRamp this week. We think the AMS deal is on track and could close cleanly on quarter-end. Fundamentally, we felt the most important takeaway was LiveRamp’s focus on further automating its tools/improving self-service capability. Many investors are focused on the opportunity in TV, but we think core retargeting will still drive growth as 1P onboarding tools roll out at more major publishers beyond FB/GOOGL/TWTR (e.g., eCommerce/Audio/etc.). Finally, in eight years covering ACXM, we’ve never seen this level of investor interest and expect the 10/29 Investor Day to be well-attended."

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