A Glimpse Into The Expert Outlook On Amplitude Through 4 Analysts
Portfolio Pulse from Benzinga Insights
Amplitude (NASDAQ:AMPL) received mixed analyst ratings with a downward trend in price targets, indicating a cautious outlook. The average 12-month price target is now $10.75, down 10.42% from $12.00. Analysts from Morgan Stanley, Citigroup, and Piper Sandler adjusted their ratings and price targets, reflecting changing market conditions and Amplitude's performance. Despite a positive revenue growth rate of 9.42% for the last quarter, Amplitude's financials show mixed results, with a high net margin of -25.97% but a low ROA of -4.24%.

May 10, 2024 | 4:01 pm
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NEGATIVE IMPACT
Amplitude's mixed analyst ratings and lowered price targets suggest a cautious market outlook. Positive revenue growth contrasts with concerns over profitability and asset utilization.
The downward revision of price targets by analysts from firms like Morgan Stanley, Citigroup, and Piper Sandler, combined with a cautious mix of ratings, suggests a bearish short-term impact on AMPL's stock price. Despite reporting a positive revenue growth, the company's high net margin loss and below-average ROA indicate potential operational and profitability challenges, which could further pressure the stock. The detailed financial analysis and the adjustments in analyst ratings and price targets are critical factors likely influencing investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100