7/102 sources · 2 publishersUpdated Nov 5, 14:41 UTC
Analysts raise Amplitude price targets on accelerating revenue growth
Piper Sandler lifted its price target for Amplitude Inc. to $22 from $18, citing a 25% year‑over‑year revenue increase in the third quarter. The firm also noted fourth‑quarter guidance that implies 23% revenue growth. Needham raised its target to $21 from $18, pointing to strong sales and the recent Statsig combination.
Why it matters
The higher price targets signal analysts expect further upside for Amplitude, which could support the stock’s valuation and attract additional buying interest. Piper Sandler’s and Needham’s upgrades may influence investor expectations ahead of the upcoming quarter.
Key facts
- 1Piper Sandler raised its price target to $22 from $18. investing.com
- 2Amplitude’s third‑quarter revenue grew 25% year‑over‑year. investing.com
- 3Quarterly annual recurring revenue increased by $21 million. investing.com
- 4Fourth‑quarter guidance implies revenue growth of 23% year‑over‑year. investing.com
- 5Fourth‑quarter gross margins fell to 69.6%, down 6 percentage points year‑over‑year. investing.com
- 6Needham raised its price target to $21 from $18. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.