LiveRamp Holdings, Inc. (RAMP): A Bull Case Theory

We came across a bullish thesis on LiveRamp Holdings, Inc. on Shareholdersunite Essentials’s Substack. In this article, we will summarize the bulls’ thesis on RAMP. LiveRamp Holdings, Inc.'s share was trading at $28.40 as of September 22nd. RAMP’s trailing and forward P/E were 149.47 and 200.00 respectively according to Yahoo Finance.

LiveRamp Holdings, Inc. (RAMP) is a leading data collaboration technology company that empowers marketers and media owners to deliver and measure performance across complex customer journeys. Its platform functions as middleware in the customer experience economy, connecting advertisers, publishers, data providers, and commerce media networks while making data consistent, portable, and actionable. Built on principles of neutrality, interoperability, and global scale, LiveRamp is one of the few open and neutral data collaboration platforms serving a worldwide customer base, including 840 direct clients and thousands indirectly through partners.

The company addresses major industry challenges such as fragmented identity across devices, marketing inefficiency, walled gardens, and increasing privacy regulations by providing secure, privacy-centric solutions. Its platform capabilities—Live/Identity, Live/Access, Live/Connectivity, and Live/Insights—enable deterministic identity resolution, simplified access to third-party data, secure onboarding, and advanced analytics in clean room environments, unlocking siloed data for meaningful measurement and optimization.

LiveRamp’s growth strategy leverages network effects, expanding its customer base, increasing platform usage, and strengthening partnerships with CDPs, cloud providers, and global integrators. Key initiatives include Cross-Media Intelligence (CMI) for unified, deduplicated campaign reporting, Commerce Media Networks that monetize first-party data for advertisers, and Connected TV solutions that provide accurate audience targeting and cross-screen attribution. The company has also piloted a usage-based token pricing model to simplify access, lower entry costs, and accelerate upsell.

With subscription revenue comprising 76% of total revenue, strong recurring cash flows, patented identity technology, global scale, and leadership in data stewardship, LiveRamp is positioned to capture significant growth opportunities in personalized marketing, commerce media, and omnichannel measurement, offering investors a compelling risk/reward profile in the evolving marketing technology ecosystem.

Previously we covered a bullish thesis on TransUnion (TRU) by LongTermValue Research in April 2025, which highlighted the company’s triopoly position in credit reporting, strong pricing power, undervaluation relative to peers, and growth-enhancing acquisitions. The company's stock price has appreciated approximately by 2.46% since our coverage. The thesis still stands as TRU remains a resilient, high-quality credit reporting leader. Shareholdersunite Essentials shares a similar bullish perspective but emphasizes LiveRamp’s platform scalability, data collaboration, and omnichannel measurement as key growth drivers.

LiveRamp Holdings, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held RAMP at the end of the second quarter which was 30 in the previous quarter. While we acknowledge the potential of RAMP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None.