Piper Sandler Cuts Amplitude (NASDAQ:AMPL) Price Target to $10.00

Amplitude (NASDAQ:AMPL) had its target price decreased by equities researchers at Piper Sandler from $12.00 to $10.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 39.28% from the company’s previous close.

Several other brokerages also recently issued reports on AMPL. Weiss Ratings reissued a “sell (d-)” rating on shares of Amplitude in a research note on Monday, December 29th. Robert W. Baird increased their price objective on Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Morgan Stanley set a $16.00 price objective on Amplitude and gave the stock an “overweight” rating in a research report on Thursday, January 15th. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, October 31st. Finally, BTIG Research lowered their price objective on shares of Amplitude from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.80.

Amplitude Trading Up 13.2%

Shares of AMPL opened at $7.18 on Thursday. The business’s 50-day moving average price is $9.93 and its 200 day moving average price is $10.48. The stock has a market capitalization of $959.89 million, a P/E ratio of -8.97 and a beta of 1.48. Amplitude has a 1-year low of $5.99 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $91.43 million for the quarter, compared to the consensus estimate of $90.35 million. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020–0.010 EPS. On average, research analysts predict that Amplitude will post -0.62 earnings per share for the current year.

Amplitude announced that its board has initiated a share buyback plan on Wednesday, February 18th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 11.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the transaction, the director owned 114,906 shares in the company, valued at approximately $1,250,177.28. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Spenser Skates sold 42,743 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $12.01, for a total transaction of $513,343.43. The disclosure for this sale is available in the SEC filing. Insiders sold 52,843 shares of company stock valued at $623,343 over the last three months. Insiders own 23.83% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Amplitude by 120.7% during the first quarter. AQR Capital Management LLC now owns 226,486 shares of the company’s stock valued at $2,308,000 after purchasing an additional 123,886 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amplitude by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock valued at $473,000 after buying an additional 2,038 shares during the last quarter. NewEdge Advisors LLC bought a new position in Amplitude in the 1st quarter worth $580,000. Jones Financial Companies Lllp lifted its position in Amplitude by 93,569.0% during the 1st quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock worth $954,000 after acquiring an additional 93,569 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Amplitude by 60.0% during the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock valued at $4,825,000 after acquiring an additional 177,599 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Management issued materially stronger FY‑2026 guidance (EPS $0.08–0.13 vs. consensus negative) and raised revenue targets, signaling a path to profitability and better-than-expected growth prospects. Earnings Release
• Positive Sentiment: Company outlined a 15% revenue growth target for 2026 and said AI agents now drive ~25% of platform queries — a product-led growth narrative that supports higher customer engagement and incremental monetization. MSN: Revenue Target & AI Usage
• Positive Sentiment: Board authorized a $100M share repurchase (about 11.8% of shares), which reduces float and signals management thinks the stock is undervalued — typically supportive for the share price. RTT News: Buyback
• Positive Sentiment: Q4 revenue of $91.4M topped estimates (consensus ≈ $90.4M) and revenue grew ~17% YoY — the top line beat reinforces the better FY outlook. MSN: Q4 Sales Beat
• Positive Sentiment: Amplitude launched “agentic” AI analytics (new product capability) that management says automates monitoring and discovery — a strategic product move that could expand usage and upsell. SiliconANGLE: Agentic Analytics
• Neutral Sentiment: EPS of $0.04 met consensus (in line with estimates), so there was no surprise on the bottom line — performance is steady but not a margin shock. Zacks: EPS Met
• Negative Sentiment: The company remains unprofitable on GAAP margins (negative net margin and ROE) — improving guidance reduces but does not eliminate execution risk; competition in analytics/AI is intensifying, which could pressure pricing and growth over time. Kalkine: Competitive Risks

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.