LiveRamp Holdings Inc. (NYSE:RAMP) is one of the best growth stocks to buy for the next 20 years. On February 6, DA Davidson lowered its price target on LiveRamp to $35 from $45 with a Buy rating. Although the company exceeded top and bottom-line expectations in FQ3 2026, management left its fiscal year 2026 guidance unchanged. The analyst attributed this cautious outlook to the timing of specific project-based expenses shifting into FQ4 and marketplace growth that came in softer than previously anticipated.
In its FQ3 earnings report posted a day prior, LiveRamp Holdings Inc. announced revenue growth of 9% year-over-year to $212 million. Management highlighted a significant strategic partnership with Publicis and the expansion of its Data Marketplace to include AI models and agents, which they believe positions the firm for double-digit growth in fiscal year 2027.
While the company is successfully growing its high-value million-dollar-plus accounts, subscription net retention compressed to 101%, and gross margins are expected to dip slightly as backend platform upgrades conclude. Looking ahead to FQ4, LiveRamp projected a sequential increase in operating expenses of $15 million due to seasonal events and compensation adjustments, while providing a full-year revenue guidance range of $810 million to $814 million.
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LiveRamp Holdings Inc. is a technology company that operates a data collaboration platform in the US, Europe, the Asia-Pacific, and internationally.
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This article is originally published at Insider Monkey.
