In the latest analyst update, Needham has reiterated its "Buy" rating for Amplitude (AMPL, Financial), maintaining the price target at $16.00. The consistency in this rating and price target reflects continued confidence in Amplitude's market performance and growth potential.
This update, provided by analyst Scott Berg, emphasizes a steady outlook for Amplitude, with no change in the price target from the previous assessment. The maintained price target of $16.00 is an indication of stability, despite any market fluctuations.
Investors keeping track of Amplitude (AMPL, Financial) will note that this reiteration comes amid a competitive technology sector, where performance metrics are closely watched. The maintained rating and price target by Needham serve as a key indicator for the company's potential in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Amplitude Inc (AMPL, Financial) is $13.67 with a high estimate of $16.00 and a low estimate of $11.00. The average target implies an upside of 6.60% from the current price of $12.82. More detailed estimate data can be found on the Amplitude Inc (AMPL) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Amplitude Inc's (AMPL, Financial) average brokerage recommendation is currently 2.2, 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 $13.54, suggesting a upside of 5.62% from the current price of $12.82. 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.
