Citigroup Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Key Points

• Citigroup raised its Amplitude price target to $18 from $11 but kept a Neutral rating; the new target implies 7.78% upside from the prior close.
• Analyst sentiment is generally positive: Amplitude has a Moderate Buy consensus rating and an average price target of $17.64, with several firms recently raising their targets.
• Amplitude beat quarterly estimates, reporting EPS of $0.04 versus $0.03 expected and revenue of $110.64 million versus $107.02 million; however, it remains unprofitable, with a net margin of -25.24%.

Amplitude (NASDAQ:AMPL - Get Free Report) had its price objective upped by equities researchers at Citigroup from $11.00 to $18.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target points to a potential upside of 7.78% from the company's previous close.

Several other brokerages also recently weighed in on AMPL. KeyCorp lifted their target price on shares of Amplitude from $14.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday. Weiss Ratings upgraded shares of Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. UBS Group upped their price objective on Amplitude from $13.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday. BTIG Research boosted their price target on Amplitude from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday. Finally, DA Davidson increased their price objective on shares of Amplitude from $10.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Amplitude currently has an average rating of "Moderate Buy" and a consensus target price of $17.64.

Amplitude Stock Performance

Shares of AMPL traded up $0.60 during midday trading on Friday, hitting $16.70. 2,412,805 shares of the stock were exchanged, compared to its average volume of 2,130,689. The firm has a market cap of $1.69 billion, a P/E ratio of -21.97 and a beta of 1.30. Amplitude has a 52-week low of $5.51 and a 52-week high of $18.85. The stock has a fifty day simple moving average of $14.76 and a 200 day simple moving average of $9.76.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Amplitude had a negative return on equity of 45.71% and a negative net margin of 25.24%. The business had revenue of $110.64 million during the quarter, compared to the consensus estimate of $107.02 million. As a group, equities research analysts forecast that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Spenser Skates sold 6,651 shares of the company's stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $17.53, for a total value of $116,592.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the completion of the transaction, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their position. 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 ninety days, insiders sold 675,049 shares of company stock valued at $9,276,846. Company insiders own 21.59% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMPL. Russell Investments Group Ltd. raised its holdings in shares of Amplitude by 55.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 178,303 shares of the company's stock worth $2,459,000 after buying an additional 63,843 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Amplitude by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,249 shares of the company's stock valued at $661,000 after acquiring an additional 1,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Amplitude in the 3rd quarter worth approximately $337,000. Vise Technologies Inc. lifted its stake in shares of Amplitude by 6.4% during the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company's stock valued at $194,000 after acquiring an additional 843 shares during the period. Finally, State of Wyoming boosted its stake in shares of Amplitude by 614.5% in the 3rd quarter. State of Wyoming now owns 59,409 shares of the company's stock valued at $823,000 after purchasing an additional 51,094 shares during the last quarter. Institutional investors and hedge funds own 73.20% of the company's stock.

Trending Headlines about Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Amplitude reported Q3 adjusted earnings of $0.04 per share, above the $0.03 consensus, and revenue of about $110.6 million versus estimates of $107.0 million. Revenue grew 25% year over year, and the company’s full-year outlook exceeded expectations. Amplitude Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted enterprise AI adoption and new products as drivers of growth, while the earnings coverage also noted record margins—factors that may reinforce confidence in the company’s growth prospects. Q3 2026 deep dive
• Positive Sentiment: Several firms raised targets after the results: UBS, KeyCorp and Piper Sandler set targets at $22; Needham raised its target to $21, and BTIG to $19. The revisions and maintained Buy or Overweight ratings signal improved analyst expectations. Analysts Boost Their Forecasts
• Negative Sentiment: Despite the quarterly beat, Amplitude remains unprofitable, with a reported negative net margin of 25.24%, leaving profitability a risk for investors. Quarterly earnings report

Amplitude Company Profile

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company's offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.

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