Fintel reports that on January 6, 2025, Piper Sandler upgraded their outlook for Amplitude (NasdaqCM:AMPL) from Neutral to Overweight.
Analyst Price Forecast Suggests 9.47% Upside
As of December 23, 2024, the average one-year price target for Amplitude is $11.92/share. The forecasts range from a low of $10.10 to a high of $15.75. The average price target represents an increase of 9.47% from its latest reported closing price of $10.89 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Amplitude is 485MM, an increase of 65.66%. The projected annual non-GAAP EPS is -0.22.
What is the Fund Sentiment?
There are 278 funds or institutions reporting positions in Amplitude. This is an decrease of 2 owner(s) or 0.71% in the last quarter. Average portfolio weight of all funds dedicated to AMPL is 0.17%, an increase of 14.86%. Total shares owned by institutions increased in the last three months by 6.37% to 74,119K shares. 
The put/call ratio of AMPL is 0.01, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 8,226K shares representing 8.70% ownership of the company. In its prior filing, the firm reported owning 8,897K shares , representing a decrease of 8.15%. The firm decreased its portfolio allocation in AMPL by 10.96% over the last quarter.
FSCSX - Software and IT Services Portfolio holds 8,055K shares representing 8.52% ownership of the company. In its prior filing, the firm reported owning 7,429K shares , representing an increase of 7.77%. The firm increased its portfolio allocation in AMPL by 8.55% over the last quarter.
Battery Management holds 7,451K shares representing 7.88% ownership of the company. No change in the last quarter.
OTCFX - T. Rowe Price Small-Cap Stock Fund holds 3,711K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 3,351K shares , representing an increase of 9.69%. The firm increased its portfolio allocation in AMPL by 5.04% over the last quarter.
Sunriver Management holds 3,035K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 1,215K shares , representing an increase of 59.98%. The firm increased its portfolio allocation in AMPL by 144.56% over the last quarter.
Amplitude Background Information
(This description is provided by the company.)
Amplitude Inc. is an American public company focused on analytics products including Amplitude Analytics, Amplitude Recommend, and Amplitude Experiment which it refers to as a Digital Optimization System for businesses.
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