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LiveRamp Holdings (RAMP) has an average rating of overweight and mean price target of $36.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.1%.The Philadelphia Semiconductor index slumped 2.3%.In corporate news, a jury on Monday rejected Tesla (TSLA) CEO Elon Musk's claims that Microsoft-backed (MSFT) OpenAI betrayed its mission under Sam Altman's leadership by morphing into a for-profit business, Bloomberg reported. Microsoft shares added 0.2%, and Tesla was down 3%.Seagate Technology (STX) shares fell more than 6% after Chief Executive Dave Mosley said that building new factories to meet demand would "take too long."LiveRamp (RAMP) shares jumped past 27% after the data collaboration platform agreed to be acquired by French advertising and public relations firm Publicis Groupe in an all-cash deal with an enterprise value of about $2.17 billion.Equinix's (EQIX) plan to build two data centers in Cape Town, South Africa, is facing opposition from community groups and UK non-profit Foxglove, claiming the project lacks key details on water use, electricity demand and environmental impact, Reuters reported, citing a formal objection filed with city planners. Equinix shares were up 0.3%.
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 4.1%.The Philadelphia Semiconductor index slumped 3%.In corporate news, Seagate Technology (STX) shares fell more than 9% after Chief Executive Dave Mosley said that building new factories to meet demand would "take too long."Equinix's (EQIX) plan to build two data centers in Cape Town, South Africa, is facing opposition from community groups and UK non-profit Foxglove, claiming the project lacks key details on water use, electricity demand and environmental impact, Reuters reported, citing a formal objection filed with city planners. Equinix shares were fractionally higher.LiveRamp (RAMP) shares jumped past 27% after the data collaboration platform agreed to be acquired by French advertising and public relations firm Publicis Groupe in an all-cash deal with an enterprise value of about $2.17 billion.Baidu (BIDU) reported better-than-expected Q1 results on Monday buoyed by growth in its core AI-powered business. Its shares rose 2.5%.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.03% lower in Monday's premarket activity as stalled diplomatic efforts between the US and Iran fuel concerns about inflation.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.7%, and Nasdaq futures retreating 0.4% before the start of regular trading.The New York Fed's services sector index improved to negative 5.8 in May from negative 14.0 in April, signaling a slower pace of contraction.The National Association of Home Builders' index for May will be released at 10 am ET.The US Treasury's international capital standards report for March will be released at 4 pm ET.In premarket activity, bitcoin was down by 2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.9% lower, Ether ETF (EETH) retreated by 4.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.9%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was flat, and the iShares US Technology ETF (IYW) was 0.1% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.1%, while the iShares Semiconductor ETF (SOXX) lost 0.4%.LiveRamp (RAMP) shares were up more than 26% in premarket activity after the company agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion. The company also reported higher fiscal Q4 financial results.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was up 0.8%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.04%.Dominion Energy (D) shares rose more than 15%, while NextEra Energy (NEE) stock declined over 1% after the companies agreed to merge in an all-stock deal.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 2% lower. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.6%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated by 0.3%.Ford Motor (F) shares were up more than 6% pre-bell after the company said it has outlined a revised Europe strategy built around new electric vehicles, commercial software services, and a broader product rollout through 2029.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.1%, while the Vanguard Industrials Index Fund (VIS) retreated 0.01% and the iShares US Industrials ETF (IYJ) was down 0.3%.Ryanair (RYAAY) stock was up more than 4% before the opening bell after the company reported higher fiscal 2026 earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.6%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.2%. The iShares Biotechnology ETF (IBB) was 0.5% lower.ImmunityBio (IBRX) stock rose more than 4% premarket after the company said it signed an exclusive development and supply agreement with Japan BCG Laboratory to get exclusive rights to develop, import, and commercialize the latter's intravesical Tokyo-172 BCG in the US.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% higher.Mizuho Financial (MFG) shares were down more than 4% pre-bell after the company said it had not yet made a final decision on an investment in Rakuten Bank.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.9% to $104.50 per barrel on the New York Mercantile Exchange. Natural gas was up 2.3% at $3.03 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.2%, while the United States Natural Gas Fund (UNG) was 2.2% higher.Gold futures for May gained by 0.1% to reach $4,567.60 an ounce on the Comex. Silver futures fell by 0.3% to $77.31 an ounce. SPDR Gold Shares (GLD) advanced by 0.1%, and the iShares Silver Trust (SLV) increased by 0.4%.
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.LiveRamp (RAMP) agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion, Publicis Groupe said. Shares of LiveRamp Holdings were up more than 27% pre-bell.Baidu (BIDU) stock was up more than 4% after the company posted Q1 non-GAAP earnings and revenue that topped analysts' expectations.IQIYI (IQ) shares were down more than 2% after the company reported that it swung to a Q1 non-GAAP net loss as revenue declined during the period.
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) less than 0.1% higher.LiveRamp (RAMP) agreed to be acquired by Publicis Groupe in an all-cash deal valued at about $2.17 billion, Publicis Groupe said. Shares of LiveRamp Holdings were up more than 27% pre-bell.
The benchmark US stock measures were tracking in the red before the opening bell Monday as investors monitor the ongoing US-Iran tensions and await the latest financial results of tech bellwether Nvidia (NVDA) later in the week.The S&P 500 declined 1.3%, the Dow Jones Industrial Average dropped 0.6% and the Nasdaq was off 0.1% in premarket activity. The indexes finished Friday trading lower.Tensions between the US and Iran remain in focus amid no apparent progress toward a peace deal between the two sides. President Donald Trump said in a social media post on Sunday that the "clock is ticking" for Iran to agree to a deal and that "they better get moving, fast, or there won't be anything left of them."Iran's semi-official Fars news agency said the US has set five main conditions for a peace deal, including transferring uranium tied to Tehran's nuclear program to Washington, Bloomberg News reported. Iran's Mehr news agency reportedly said the US has offered "no tangible concessions" to Tehran.A drone attack caused a fire at a nuclear power plant in the United Arab Emirates on Sunday, while Saudi Arabia said it intercepted three drones that entered from Iraqi airspace, according to CNBC.West Texas Intermediate crude oil rose 0.8% to $106.27 a barrel before the open, while Brent was up 0.7% to $110.08.Nvidia is scheduled to release its latest quarterly results after the markets close on Wednesday. "We fully expect the leading supplier of AI silicon will again exceed estimates and guide above Street given continued positive data points through (the calendar first quarter)," Wedbush Securities said in a Monday client note.Retail giants Walmart (WMT), Home Depot (HD), TJX (TJX), Lowe's (LOW) and Target (TGT) are also expected to announce their earnings this week.Treasury yields were trending higher in premarket action, with the two-year rate increasing 0.4 basis points to 4.09% and the 10-year rate adding 0.8 basis points to 4.6%.Monday's thin economic calendar has the housing market index for May at 10 am ET. Federal Reserve Bank of Atlanta interim President Cheryl Venable is slated to speak at 8:30 am.Shares of LiveRamp (RAMP) jumped 27% pre-bell after the data collaboration platform agreed to be acquired by French advertising and public relations firm Publicis Groupe in an all-cash deal with an enterprise value of about $2.17 billion. ServiceNow (NOW) was up nearly 3% while UnitedHealth (UNH) fell 4.9%.Gold slipped 0.4% to $4,544 per troy ounce, while bitcoin fell 2% to $76,723.
LiveRamp (RAMP) shares jumped early Monday after the data collaboration platform agreed to be acquired by French advertising and public relations firm Publicis Groupe in an all-cash deal with an enterprise value of about $2.17 billion.Publicis will pay $38.50 per share in cash for LiveRamp, representing a roughly 30% premium to its closing price on Friday, the companies said in separate statements Sunday. LiveRamp's stock spiked 27% in Monday's most recent premarket activity.The transaction has an overall equity value of around $2.55 billion, including acquired net cash of $379 million."Our customers and partners have always been our north star, and by joining forces with Publicis, we will have greater resources and flexibility to scale our business, continue innovating our platform, and help them unlock even greater value from their data," LiveRamp Chief Executive Scott Howe said. "This transaction also represents the best path forward for our shareholders, delivering significant and certain cash value at a compelling premium."The deal, which requires approval from regulators and clearance from LiveRamp's shareholders, is expected to complete by the end of the year. Following completion, the company will continue to be led by Howe."LiveRamp joining Publicis Groupe is the latest demonstration of our commitment to investing in new talent and innovation, ahead of market shifts," according to Publicis CEO Arthur Sadoun. "It will be valuable for our clients' business growth, and a new addressable market for Publicis."The deal will strengthen the French company's data co-creation capabilities and support the development of AI agents for business transformation, it said. Publicis expects to fund the acquisition with cash on hand and debt.Separately, LiveRamp reported fiscal fourth-quarter adjusted earnings on Sunday of $0.52 per share, up from $0.30 the year before. Five analysts polled by FactSet expected non-GAAP EPS of $0.49. Revenue improved 9.2% to $206.1 million, topping the Street's view for $205.5 million.The company said it will not provide guidance in light of the proposed deal.
LiveRamp (RAMP) is integrating Nvidia's (NVDA) artificial intelligence infrastructure to offer a graphics processing unit-optimized infrastructure through its clean rooms and the LiveRamp Marketplace, the company said Monday.The integration is designed to support compute-intensive AI workloads, accelerating the training and deployment of models for LiveRamp's AI partners and brands, LiveRamp said. No financial details were disclosed.LiveRamp said the integration is still in limited release, with plans for general availability later this year.Price: $29.98, Change: $+0.73, Percent Change: +2.50%
LiveRamp (RAMP) is integrating its Conversions API Hub with DIRECTV's advertising platform, DIRECTV said Thursday.Financial terms of the collaboration were not provided.The integration expands DIRECTV Advertising's attribution and measurement capabilities, the company said.Price: $27.87, Change: $+0.50, Percent Change: +1.85%