Piper Sandler analyst Brent Bracelin maintained a Hold rating on Amplitude (AMPL – Research Report) today and set a price target of $11.00. The company’s shares closed yesterday at $9.26.
Bracelin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and BlackLine. According to TipRanks, Bracelin has an average return of -0.9% and a 43.40% success rate on recommended stocks.
Amplitude has an analyst consensus of Hold, with a price target consensus of $12.00, which is a 29.59% upside from current levels. In a report released today, Scotiabank also maintained a Hold rating on the stock with a $12.00 price target.
Based on Amplitude’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $71.4 million and a GAAP net loss of $18.54 million. In comparison, last year the company earned a revenue of $65.26 million and had a GAAP net loss of $24.68 million
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Amplitude (AMPL) Company Description:
Amplitude Inc is pioneering a new category of software called digital optimization. The company’s digital optimization system serves as the command center for businesses to connect digital products to business outcomes.
