Skates Spenser sold $2.3M of AMPL (indirect holdings)

Piper Sandler raised its price target on Amplitude (AMPL) to $18 from $13, citing improving growth and upcoming catalysts. The firm sees the company in a better position currently.

Domo (NYSE:IOT) reported $76.78M revenue, down 3.7% YoY, missing estimates. Amplitude (NASDAQ:AMPL) reported $100.9M revenue, up 21.2% YoY, beating estimates. CLEAR Secure (NYSE:YOU) reported $277.8M revenue, up 26.6% YoY, also beating estimates. Stocks reacted accordingly, with IOT up 1.8%, AMPL up 38%, and YOU down 27.2%.

Several software stocks rose after Treasury yields fell and Snowflake reported strong earnings. Datadog (DDOG) +2.7%, Amplitude (AMPL) +2.6%, Zscaler (ZS) +2.4%, DocuSign (DOCU) +2%, Salesforce (CRM) +3.5%. Snowflake's revenue grew 35% YoY to $1.55B, boosting sector sentiment.

Amplitude Therapeutics and Eli Lilly (LLY) partnered to develop taRNA vaccines for infectious diseases. Lilly will lead clinical development and commercialization, while Amplitude handles optimization and preclinical research. Lilly has exclusive rights to the products. LLY stock is up 1.93% at $1,267.98.

Bank of America raised price targets for ServiceNow (to $150), Figma (to $33), Workday (to $205), Adobe (to $220), and Snowflake (to $395), citing AI-driven growth potential. ServiceNow gained 6.5% on Wednesday, while others rose 3-4%. Analysts note AI could expand these companies' products and revenue, easing earlier disruption fears.

Amplitude (AMPL) rose about 15.7% after the company raised its full-year 2026 revenue outlook to $407.2 million to $411.2 million, citing AI platform momentum and an expanded offering after its Statsig integration. In Q2 2026, sales were $100.89 million and net loss was $34.62 million, according to the company.