2024-04-26 09:04:26 ET
Summary
- LiveRamp has outperformed the S&P 500 by 800 bps, confirming a bullish call on the stock.
- The acquisition of data clean room provider, Habu, has increased LiveRamp's market competitiveness, in my view.
- I believe the partnership with Google and the increasing demand for clean rooms are expected to drive future revenue growth for LiveRamp.
LiveRamp ( RAMP ) is a company operating in the data collaboration space that I have been following for a while. I made my first coverage on the stock last year in May, when I assigned the stock a buy rating due to the stock appearing undervalued amid the strong secular catalyst. Since my last coverage, RAMP has been up over 26%, outperforming the S&P 500 by about 800 bps, confirming my bullish call....
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For further details see:
LiveRamp: Enhanced Clean Room Capability To Strengthen Market Positioning