Keybanc maintains Amplitude at Overweight, raises price target to $22 from $14

Amplitude (AMPL) reached new highs after reporting Q3 earnings, driven by profitability gains from its AI platform and increased adoption by larger clients. The stock is trading near a buy point of $17.84, last seen in August 2022, according to Investor's Business Daily.

Amplitude Inc (AMPL) reported Q3 2026 earnings with 25% revenue growth and record profitability. CEO Spenser Skates highlighted Wave's potential and credited teams for improved demand. CFO Andrew Casey noted $21M ARR increase, with $6M from StatSig, and discussed margin improvements. The company expects new pricing to drive higher ASPs and longer contracts. StatSig's integration and security were also addressed.

Piper Sandler raised its price target on Amplitude Inc (AMPL) to $22 from $18, citing 25% year-over-year revenue growth in Q3. The stock has surged 116% in six months. Q4 guidance implies 23% revenue growth. Needham also raised its target to $21, noting strong sales and product adoption.

Needham raised its price target for Amplitude (NASDAQ: AMPL) to $21 from $18, citing strong Q3 sales and bookings growth. The stock is near its 52-week high after a 116% surge in six months. Amplitude reported 25% revenue growth and $0.04 EPS, exceeding estimates. The company expects continued growth and improved margins.

Amplitude reported 3Q 2026 revenue of $110.64M, up 25% YoY, with a net loss of $24.52M. Growth was driven by customer expansion and larger subscriptions, while costs increased. Large customers grew 31% YoY, and RPO rose 27% to $496.9M. The company launched new products, including Agent Analytics.

Piper Sandler kept Amplitude at Overweight, raising its price target to $22 from $18, a 22.2% increase. This implies a 28.0% upside from the Nov 4 close of $17.19, according to the firm.