LiveRamp Holdings, Inc. (RAMP) M&A Call Transcript
The deal marks Publicis' biggest acquisition since 2019, and a departure from its habit of snapping up smaller businesses since then.
French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday.
LiveRamp integrates Agentic AI and launches SemantlQ and Newton Research agents, enhancing real-time campaign analysis and audience building in privacy-centric environments. Strategic partnership with Scowtt enables predictive AI signals to platforms like Meta and Google, driving client ROAS above 40%, reinforcing RAMP's competitive moat. Q3 results show $212M revenue (+9% YoY), $0.76 non-GAAP EPS, 29% operating margin, and $527M ARR, with a stable 9% growth outlook and a Rule of 40 target by 2028.
The average of price targets set by Wall Street analysts indicates a potential upside of 30.3% in LiveRamp (RAMP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
LiveRamp Holdings, Inc. (RAMP) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
The mean of analysts' price targets for LiveRamp (RAMP) points to a 57% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
LiveRamp Holdings, Inc. (RAMP) Q3 2026 Earnings Call Transcript
LiveRamp (RAMP) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.55 per share a year ago.
The consensus price target hints at a 39.1% upside potential for LiveRamp (RAMP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
I remain a Buy for LiveRamp Holdings, supported by a revenue and earnings beat, robust cash flow, and a shareholder-friendly capital allocation strategy. RAMP trades at a significant valuation discount to SaaS peers, reflecting lower revenue growth and net dollar retention, but offers upside as operational headwinds abate. Marketplace/Other segment growth, usage-based pricing, and expansion into Commerce Media and connected TV are key forward drivers.
The consensus price target hints at a 46.4% upside potential for LiveRamp (RAMP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.