10 Oversold Small Cap Stocks to Buy Right Now

1) LiveRamp Holdings, Inc. (NYSE:RAMP)

Market Cap (As of October 23): $1.58 billion

Forward P/E (As of October 23): 12.99x

% Decline on a YTD Basis: ~35%

Number of Hedge Fund Holders: 32

LiveRamp Holdings, Inc. (NYSE:RAMP) is a technology company, which operates a data collaboration platform in the US, Europe, the Asia-Pacific, and internationally.

LiveRamp Holdings, Inc. (NYSE:RAMP) is optimistic about its strategic position and its solutions, including the Authenticated Traffic Solution (ATS) and RampID. The company remains focused on promoting data collaboration and it continues to work with digital publishers to standardize terms of service and query templates. LiveRamp Holdings, Inc. (NYSE:RAMP) has been maintaining a strong relationship with Google Ads, collaborating on the Google PAIR initiative.

Also, LiveRamp Holdings, Inc. (NYSE:RAMP) is expecting net positive revenue opportunities from its partnership with Oracle. Wall Street analysts believe that market forces and economics should drive the adoption of alternative solutions to cookies. LiveRamp Holdings, Inc. (NYSE:RAMP) has been expanding beyond the retail and CPG space to commerce networks and other verticals. Moreover, it is standardizing queries in collaboration with partners in a bid to promote data collaboration.

The company’s strategic partnerships and product innovation place it well for the remainder of the year, despite the headwinds of economic uncertainty. Given its clear vision for the future, LiveRamp Holdings, Inc. (NYSE:RAMP) remains focused on simplifying data collaboration and enhancing its product offerings.

As per Wall Street analysts, the shares of the company have an average price target of $40.67.

While we acknowledge the potential of RAMP as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than RAMP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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