Morgan Stanley Maintains Underweight on Amplitude, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter maintains an Underweight rating on Amplitude (NASDAQ:AMPL) and lowers the price target from $12 to $10.
April 17, 2024 | 4:56 pm
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Morgan Stanley has maintained its Underweight rating on Amplitude and reduced the price target from $12 to $10.
The reduction in price target by a significant margin from a major financial institution like Morgan Stanley suggests a bearish outlook on Amplitude's stock. This could lead to a negative short-term impact on the stock's price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100