Amplitude (AMPL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amplitude in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AMPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMPL, but not buy additional shares or sell existing shares.
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8 equities research analysts have issued 12-month price targets for Amplitude's stock. Their AMPL share price forecasts range from $10.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
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Amplitude's stock was trading at $12.08 at the start of the year. Since then, AMPL stock has decreased by 4.2% and is now trading at $11.57.
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Amplitude saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,970,000 shares, an increase of 27.9% from the August 31st total of 1,540,000 shares. Based on an average daily volume of 494,000 shares, the short-interest ratio is currently 4.0 days. Approximately 3.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Amplitude, Inc. (NASDAQ:AMPL) posted its quarterly earnings data on Tuesday, August, 8th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The company earned $67.77 million during the quarter, compared to the consensus estimate of $66.90 million. Amplitude had a negative net margin of 38.55% and a negative trailing twelve-month return on equity of 31.01%. The company's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) earnings per share.

Ranger Equity Bear ETF holds 100,000 shares of AMPL stock, representing -1.07% of its portfolio.

Amplitude updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.02-$0.03 for the period, compared to the consensus EPS estimate of $0.02. The company issued revenue guidance of $69.70 million-$70.30 million, compared to the consensus revenue estimate of $67.00 million.

(AMPL) raised $1.2 billion in an initial public offering (IPO) on Tuesday, September 28th 2021. The company issued 35,398,389 shares at a price of $35.00 per share.

Amplitude trades on the NASDAQ under the ticker symbol "AMPL."

Shares of AMPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMPL stock can currently be purchased for approximately $11.57.

Amplitude (NASDAQ:AMPL) has a market capitalization of $1.36 billion and generates $238.07 million in revenue each year. The company earns $-93,380,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.

The company employs 700 workers across the globe.

The official website for the company is www.amplitude.com. The company can be reached via phone at 415-231-2353 or via email at ir@amplitude.com.