DA Davidson has revised its target price for Amplitude (AMPL, Financial), lowering it from $16 to $12, while maintaining a Buy rating on the stock. This adjustment is part of a broader reassessment within the firm's software coverage, reflecting updated economic expectations.
The adjustment follows DA Davidson's revised outlook, which now anticipates one or two quarters of negative GDP growth in the United States this year. This economic forecast aligns with anticipated lower growth and diminished valuations across the sector, impacting assessments of companies like Amplitude.
Despite uncertainties related to ongoing tariffs, DA Davidson foresees a general slowdown in both consumer spending and corporate investment in the near term. The firm advises investors that these factors will likely impact market conditions for at least the next couple of quarters, influencing their current evaluations and recommendations for software equities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Amplitude Inc (AMPL, Financial) is $15.20 with a high estimate of $17.00 and a low estimate of $12.00. The average target implies an upside of 73.71% from the current price of $8.75. More detailed estimate data can be found on the Amplitude Inc (AMPL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Amplitude Inc's (AMPL, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amplitude Inc (AMPL, Financial) in one year is $13.71, suggesting a upside of 56.69% from the current price of $8.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amplitude Inc (AMPL) Summary page.
