Morgan Stanley Maintains Underweight on Amplitude, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Underweight rating on Amplitude (NASDAQ:AMPL) and lowered the price target from $10 to $9.

May 10, 2024 | 3:33 pm
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Morgan Stanley's analyst Elizabeth Porter has reaffirmed an Underweight rating on Amplitude, reducing the price target from $10 to $9.
The reduction in price target by a reputable analyst like Elizabeth Porter from Morgan Stanley can lead to negative sentiment among investors, potentially causing a short-term decline in AMPL's stock price. The Underweight rating further emphasizes the analyst's cautious outlook on the stock, suggesting that it may underperform the market or its sector.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100