Wall Street Analysts See a 57.03% Upside in LiveRamp (RAMP): Can the Stock Really Move This High?

Core Viewpoint - LiveRamp (RAMP) shares have shown a modest gain of 0.4% over the past month, closing at $25.11, with analysts suggesting a potential upside of 57% based on a mean price target of $39.43 [1] Price Targets - The average price target consists of seven estimates ranging from a low of $33.00 to a high of $50.00, with a standard deviation of $5.68, indicating a potential increase of 31.4% to 99.1% from the current price [2] - A low standard deviation suggests a strong agreement among analysts regarding the price targets, which can be a useful starting point for further research [9] Analyst Sentiment - Analysts have shown increasing optimism regarding LiveRamp's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [11] - The Zacks Consensus Estimate for the current year has risen by 2.4% over the past month, with two estimates increasing and no negative revisions [12] Zacks Rank - LiveRamp currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which serves as a strong indicator of potential upside [13] Caution on Price Targets - While price targets are a common metric for investors, relying solely on them can be misleading, as analysts may set overly optimistic targets due to business incentives [3][8] - A tight clustering of price targets, indicated by low standard deviation, suggests a consensus among analysts, but does not guarantee that the stock will reach the average target [10]