UPDATE: BMO Capital Downgrades LiveRamp Holdings Inc. (RAMP) to Market Perform; Hurt by Google News

March 4, 2021 4:35 AM EST
Get Alerts RAMP Hot Sheet
Price: $50.93 +1.86%

Rating Summary:
    7 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 21 | New: 24
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(Updated - March 4, 2021 6:37 AM EST)

BMO Capital analyst Daniel Salmon downgraded LiveRamp Holdings Inc. (NYSE: RAMP) from Outperform to Market Perform with a price target of $65.00 (from $80.00).

The analyst commented, "We believe GOOG’s confirmation that it will not integrate “alternative identifiers” could slow RAMP’s sales cycle as ecosystem constituents re-evaluate the best approach forward during 2021. We think further clarity and revenue re-acceleration are possible in 2022 (when GOOG finalizes its cookie roadmap, among other things), but visibility today is limited. We believe RAMP operates in-line with AAPL and GOOG’s focus on more consent and the end of 3P cookies; it is the pushback on 1x1 in favor of cohorts where we think RAMP will need to better educate customers."

For an analyst ratings summary and ratings history on LiveRamp Holdings Inc. click here. For more ratings news on LiveRamp Holdings Inc. click here.

Shares of LiveRamp Holdings Inc. closed at $59.12 yesterday.


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