
Amplitude (AMPL) Stock Forecast & Price Target
Amplitude (AMPL) Analyst Ratings
Bulls say
Amplitude Inc. has demonstrated a positive trajectory in its financial performance, highlighted by a consistent acceleration in revenue growth for six consecutive quarters, ultimately achieving a 19% increase last quarter attributed to strong platform upsells. The company's revenue reached $83.3 million, representing a 10% increase and marking the second consecutive quarter of double-digit growth along with three quarters of accelerating performance. Additionally, the continuous rise in current Remaining Performance Obligations (cRPO) further underscores Amplitude's robust demand and growth potential in the digital analytics sector.
Bears say
Amplitude Inc's management has indicated improvements in operational efficiency by reducing team task completion times significantly. However, they have also revised their full-year operating profit guidance downward by $2 million at the midpoint, which is reflective of ongoing acquisitions and continued investments. This adjustment in profit expectations raises concerns about the company's ability to maintain profitability amidst its strategic initiatives.
This aggregate rating is based on analysts' research of Amplitude and is not a guaranteed prediction by Public.com or investment advice.
Amplitude (AMPL) Analyst Forecast & Price Prediction
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