UBS Maintains Neutral on Amplitude, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Taylor McGinnis maintains a Neutral rating on Amplitude (NASDAQ:AMPL) and lowers the price target from $13 to $11.
May 10, 2024 | 6:22 pm
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UBS analyst Taylor McGinnis maintains a Neutral rating on Amplitude and lowers the price target from $13 to $11.
A reduction in price target by a major analyst like UBS, especially when maintaining a neutral stance, can be perceived negatively by the market, potentially leading to a short-term decrease in stock price. The direct mention and specific action taken by UBS make this news highly relevant and important for AMPL investors, with a high confidence level in the analysis due to the clear and direct impact of analyst ratings and price target adjustments on stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100