Bank of America Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Key Points

• Bank of America raised Amplitude’s price target from $14.00 to $16.50 while maintaining a neutral rating, implying 8.34% upside from the prior close.
• Analyst sentiment is broadly favorable, with a consensus rating of “Moderate Buy” and an average price target of $13.90; individual targets range as high as $18.00.
• Amplitude recently traded at $15.23 near its 52-week high, but remains unprofitable, reporting a negative net margin and analysts forecasting a full-year loss. Insiders sold 560,000 shares over the past quarter, while institutional investors own 73.20% of the stock.

Amplitude (NASDAQ:AMPL - Get Free Report) had its price objective boosted by analysts at Bank of America from $14.00 to $16.50 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Bank of America's price objective suggests a potential upside of 8.34% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. DA Davidson boosted their price objective on shares of Amplitude from $10.00 to $12.50 and gave the company a "buy" rating in a report on Thursday, August 6th. Citigroup increased their price objective on shares of Amplitude from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Morgan Stanley increased their price target on shares of Amplitude from $12.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. BTIG Research lifted their price target on Amplitude from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler upped their price objective on Amplitude from $13.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $13.90.

Amplitude Price Performance

AMPL traded down $0.38 on Wednesday, reaching $15.23. 406,561 shares of the company traded hands, compared to its average volume of 2,141,131. Amplitude has a 52-week low of $5.51 and a 52-week high of $16.17. The stock's 50 day moving average price is $13.39 and its 200-day moving average price is $9.54. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -20.29 and a beta of 1.49.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $100.89 million for the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts forecast that Amplitude will post -0.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amplitude news, CEO Spenser Skates sold 70,087 shares of the company's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $14.52, for a total transaction of $1,017,663.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the sale, the insider directly owned 1,622,696 shares in the company, valued at $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 560,000 shares of company stock valued at $7,261,156. 21.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amplitude

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amplitude in the first quarter worth about $3,930,000. Dimensional Fund Advisors LP lifted its holdings in shares of Amplitude by 368.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company's stock worth $4,213,000 after acquiring an additional 485,752 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Amplitude during the 1st quarter valued at about $3,097,000. Quantinno Capital Management LP lifted its stake in Amplitude by 1,683.8% in the first quarter. Quantinno Capital Management LP now owns 370,515 shares of the company's stock worth $2,527,000 after purchasing an additional 349,744 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Amplitude by 362.8% during the first quarter. First Trust Advisors LP now owns 424,566 shares of the company's stock valued at $2,896,000 after buying an additional 332,830 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

About Amplitude

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company's product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.

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