Piper Sandler Issues Pessimistic Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Key Points

• Piper Sandler cut its price target on Amplitude from $10.00 to $9.00 but kept an overweight rating, with the $9 target implying about a 51% upside from the prior close.
• Analyst sentiment is mixed but generally positive—10 Buys, 1 Hold and 1 Sell—with a consensus rating of “Moderate Buy” and an average target of $12.90, while AMPL opened around $5.95, showing a large gap between targets and the current price.
• Management authorized a $100 million share repurchase (up to 11.8% of shares); the company reported 17% revenue growth but still has negative net margins (~-25.8%) and analysts expect negative EPS for the current fiscal year.

Amplitude (NASDAQ:AMPL - Get Free Report) had its price target cut by equities researchers at Piper Sandler from $10.00 to $9.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target points to a potential upside of 51.26% from the company's previous close.

Several other equities research analysts also recently weighed in on AMPL. DA Davidson cut their target price on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, February 19th. UBS Group lowered their target price on shares of Amplitude from $13.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, February 19th. BTIG Research lowered their target price on shares of Amplitude from $14.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, February 19th. Morgan Stanley set a $16.00 price target on shares of Amplitude and gave the stock an "overweight" rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Amplitude in a research note on Monday, December 29th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.90.

Amplitude Stock Performance

Shares of AMPL stock opened at $5.95 on Tuesday. The firm's 50 day moving average price is $7.01 and its 200-day moving average price is $9.28. Amplitude has a one year low of $5.51 and a one year high of $14.49. The firm has a market cap of $619.63 million, a P/E ratio of -8.88 and a beta of 1.48.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Amplitude had a negative net margin of 25.80% and a negative return on equity of 32.33%. During the same period last year, the company posted $0.02 EPS. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020--0.010 EPS. As a group, research analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Amplitude declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 18th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 11.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Amplitude by 3.9% during the third quarter. Blue Trust Inc. now owns 34,092 shares of the company's stock worth $365,000 after purchasing an additional 1,265 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Amplitude by 2.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,739 shares of the company's stock worth $592,000 after purchasing an additional 1,340 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Amplitude by 10.5% during the fourth quarter. ProShare Advisors LLC now owns 16,880 shares of the company's stock worth $195,000 after purchasing an additional 1,600 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Amplitude by 4.4% during the fourth quarter. HighTower Advisors LLC now owns 37,791 shares of the company's stock worth $438,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock valued at $64,000 after acquiring an additional 1,879 shares in the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

About Amplitude

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.

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