LiveRamp deal could transform Publicis growth outlook, J.P. Morgan says

Investing.com · Navamya Acharya · 2026-11-06 12:22 UTC

LiveRamp deal could transform Publicis growth outlook, J.P. Morgan says

Investing.com -- J.P. Morgan raised its price target on advertising agency group Publicis Groupe (EPA:PUBP) by 10% to €145 from €133 to reflect some of the potential benefits of its $2.2 billion LiveRamp acquisition, which it said could prove far more transformational than first expected.

The broker kept its "overweight" rating, meaning it expects the stock to beat the average return of the shares its analyst covers.

The new target equals 17 times estimated 2027 earnings and implies 38.2% upside from the €105 share price.

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