Amplitude Inc. (AMPL) Price Target Raised to $18.00 by Needham Analyst Scott Berg

Analyst Scott Berg from Needham has raised the price target for Amplitude (AMPL) to $18.00, a 12.50% increase from the prior target, and maintained his "Buy" rating. This adjustment reflects ongoing confidence in Amplitude's market potential and growth trajectory. The average target price for Amplitude Inc is $13.89, with a high estimate of $16.00 and a low estimate of $11.00.

Analyst Scott Berg from Needham has raised the price target for Amplitude Inc (AMPL) to $18.00, a 12.50% increase from the prior target, while maintaining his "Buy" rating. This adjustment reflects ongoing confidence in Amplitude's market potential and growth trajectory. The average target price for Amplitude Inc is $13.89, with a high estimate of $16.00 and a low estimate of $11.00 [3].

Amplitude Inc, a digital analytics platform provider, has shown impressive momentum with a 57% return over the past year. The company reported exceptional second-quarter results, including net new annual recurring revenue (ARR) up 200% year-over-year, driven by strong sales performance. Revenue growth accelerated 350 basis points quarter-over-quarter to 13.6%, with updated guidance suggesting Amplitude will exceed 15% growth in the second half of the year [2].

Scott Berg's price target increase is based on Amplitude's robust fundamentals, including a strong gross profit margin and healthy liquidity. The company's ability to sustain its revenue growth in the coming quarters remains a key focus for investors and analysts alike.

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/08/46958924/where-amplitude-stands-with-analysts
[2] https://ca.investing.com/news/analyst-ratings/needham-raises-amplitude-stock-price-target-to-18-on-strong-sales-93CH-4142790
[3] https://finance.yahoo.com/news/expect-amplitude-inc-ampl-q2-135121351.html