These Analysts Boost Their Forecasts On LiveRamp After Strong Q2 Results
Portfolio Pulse from Lisa Levin
LiveRamp Holdings, Inc. (NYSE:RAMP) reported better-than-expected Q2 results and issued strong Q3 guidance. The company's Q2 earnings were 43 cents per share, beating market estimates of 24 cents per share. Q2 sales were $160 million, exceeding expectations of $152.26 million. LiveRamp anticipates Q3 revenue of $165 million, compared to estimates of $163.11 million. Following the earnings announcement, analysts from Morgan Stanley, Susquehanna, and Benchmark increased their price targets on LiveRamp.
November 09, 2023 | 6:41 pm
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POSITIVE IMPACT
LiveRamp's better-than-expected Q2 results and strong Q3 guidance have led to increased price targets from analysts at Morgan Stanley, Susquehanna, and Benchmark. This positive news could lead to a short-term increase in the company's stock price.
LiveRamp's Q2 earnings and sales exceeded market expectations, and the company issued strong Q3 guidance. This positive financial performance has led analysts to increase their price targets on the company's stock, which could lead to increased investor interest and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100