Amplitude Stock Soars 17.43% on Strong Q2 Earnings

Amplitude's stock surged 17.43% in pre-market trading on August 7, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

Analyst Scott Berg from Needham maintained his "Buy" rating on Amplitude (AMPL) while raising the price target from $16.00 to $18.00, reflecting a positive outlook on the company's future performance.

During the Q2 2025 earnings call, Amplitude reported that customers with more than $100,000 in Annual Recurring Revenue (ARR) grew to 634, an increase of 16% year-over-year. This growth, along with continued strong multiproduct attach rates, indicates a robust customer base and expanding market presence.

Analysts have maintained a cautiously optimistic stance on Amplitude, with an average price target of $13.89, suggesting potential upside opportunities despite broader market trends. The stock has shown resilience, and the recent price target adjustments reflect growing confidence in the company's growth prospects.