Morgan Stanley said Thursday that Q3 updates across several software companies reflected broadly stable trends, leading the firm to make selective revisions to forecasts and price targets.

For LiveRamp (RAMP), Morgan Stanley cited in-line results and improving forward-looking metrics, raising its price target to $33 from $30 while keeping an equal-weight rating.

For LegalZoom (LZ), revenue upside and a largely unchanged margin outlook lifted fiscal 2025 to 2027 forecasts by 2% to 3%. The firm increased its price target to $9 from $8.50, and kept an underweight rating.

For Sprout Social (SPT), Morgan Stanley noted in-line revenue and large-deal activity but moderated fiscal 2026 to 2027 forecasts, cutting its price target to $14 from $17, while maintaining an equal-weight rating.

Shares of LiveRamp, LegalZoom and Sprout Social were all declining 1.7%, 1.6% and 3.3%, respectively, in recent trading Thursday.

Price: 10.11, Change: -0.16, Percent Change: -1.56