Key Takeaways:
- Amplitude (AMPL, Financial) experiences an 8% rise following a "Buy" rating from Needham.
- Analysts forecast an average price target of $14.20, marking a potential 66.08% upside.
- GF Value assessment suggests a 59.77% increase in stock value over the next year.
Amplitude (AMPL), a notable player in the digital analytics software sector, recently captured investor attention with a robust 8% stock increase. This surge follows an optimistic "Buy" rating from Needham, accompanied by a price target of $16. Analysts have lauded Amplitude for its sophisticated behavioral analytics capabilities and the immense potential of its platform. Looking ahead, the company anticipates Q1 2025 results with an expected EPS of -$0.01 on revenue of $79.73 million.
Wall Street Analysts Forecast
According to insights from 10 analysts, the projected average price target for Amplitude Inc (AMPL, Financial) stands at $14.20. Estimates range from a high of $17.00 to a low of $11.00, suggesting a promising upside of 66.08% from the current trading price of $8.55. For those interested in more comprehensive forecast data, visit the Amplitude Inc (AMPL) Forecast page.
The consensus recommendation from 11 brokerage firms rates Amplitude Inc (AMPL, Financial) at an average of 2.3, indicating an "Outperform" status. In this rating system, 1 represents a Strong Buy, while 5 denotes a Sell recommendation.
GuruFocus Valuation Insights
GuruFocus estimates reveal that the GF Value for Amplitude Inc (AMPL, Financial) in the coming year is projected at $13.66. This suggests a notable upside potential of 59.77% from its current price of $8.55. The GF Value is an assessment of the fair market value at which the stock should trade, derived from historical trading multiples, past business growth, and future performance estimates. For further details, explore the Amplitude Inc (AMPL) Summary page.
