Piper Sandler has revised the price target for Amplitude (AMPL, Financial), reducing it from $17 to $14, while maintaining an Overweight rating on the shares. This adjustment is part of a broader reassessment of the cloud applications and analytics sector, which is facing increased short-term challenges due to tariffs, policy changes, and obstacles in artificial intelligence adoption.
The firm points to a four-year trend of slowing growth in the industry, coupled with difficulties in AI integration, as reasons for diminished investor confidence. These factors have resulted in the lowest valuation multiples seen in seven years for application software stocks. Despite these hurdles, Piper Sandler notes that the direct impact of tariffs on software models remains relatively minor.
As the cloud sector navigates these headwinds, companies like Amplitude will need to address these growth impediments and AI-related challenges to regain investor trust and revitalize market performance.
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 $14.50 with a high estimate of $17.00 and a low estimate of $11.00. The average target implies an upside of 82.62% from the current price of $7.94. 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 $13.66, suggesting a upside of 72.04% from the current price of $7.94. 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.
