Amplitude Stock Soars 5.37% on Bullish Analyst Ratings, Q4 Earnings

Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 8, 2025 8:42 am ET1min read

On April 8, 2025, Amplitude's stock surged by 5.37% in pre-market trading, reflecting a strong bullish sentiment among investors.

Amplitude's recent performance has been bolstered by a series of positive analyst ratings and forecasts. On March 11, Needham reiterated its Buy rating on

stock following an investor day, while KeyBanc maintained its Overweight rating with a $17 target. Earlier in March, Needham initiated coverage on Amplitude with a Buy rating and a $16 price target.

Analysts have been optimistic about Amplitude's growth prospects. On February 20, Amplitude outlined its 2025 revenue guidance of $325M-$331M, focusing on enterprise growth. This upbeat guidance led to a surge in the stock price, with brokerages raising their ratings and price targets. KeyBanc lifted its target to $17, Baird boosted its target to $17, and DA Davidson upgraded its rating to Buy.

Amplitude's Q4 earnings report also contributed to the positive sentiment. The company reported a Non-GAAP EPS of $0.04, beating estimates by $0.03, and revenue of $78.1M, surpassing expectations by $1.42M. This strong performance has reinforced investor confidence in Amplitude's ability to deliver on its growth targets.

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