KeyCorp Cuts Amplitude (NASDAQ:AMPL) Price Target to $14.00

Amplitude (NASDAQ:AMPL) had its target price dropped by equities research analysts at KeyCorp from $16.00 to $14.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 95.04% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Amplitude in a research note on Monday, December 29th. Robert W. Baird upped their price objective on Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Piper Sandler lowered their target price on Amplitude from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday. BTIG Research decreased their price objective on shares of Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday. Finally, UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.82.

Amplitude Stock Performance

Shares of AMPL opened at $7.18 on Thursday. The firm has a market capitalization of $959.63 million, a P/E ratio of -9.07 and a beta of 1.48. Amplitude has a 52 week low of $5.99 and a 52 week high of $14.88. The stock has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $10.48.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $91.43 million during the quarter, compared to the consensus estimate of $90.35 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Amplitude’s revenue was up 17.0% compared to the same quarter last year. 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, equities analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

Amplitude declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 18th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Amplitude

In related news, CEO Spenser Skates sold 42,743 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 52,843 shares of company stock worth $623,343. Insiders own 23.83% of the company’s stock.

Institutional Trading of Amplitude

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its position 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 acquiring an additional 123,886 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Amplitude by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,399 shares of the company’s stock worth $473,000 after purchasing an additional 2,038 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Amplitude during the first quarter valued at about $580,000. Jones Financial Companies Lllp lifted its stake in shares of Amplitude by 93,569.0% in the 1st quarter. Jones Financial Companies Lllp now owns 93,669 shares of the company’s stock valued at $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 1st 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. Institutional investors own 73.20% of the company’s stock.

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.