Amplitude (NASDAQ:AMPL) Stock Gets Price Target Boost from Citigroup

Amplitude (NASDAQ:AMPL) had its price target increased by investment analysts at Citigroup from $11.00 to $18.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s price objective suggests a potential upside of 7.78% from the stock’s current price.

A number of other equities research analysts also recently weighed in on AMPL. Needham & Company LLC raised their price target on shares of Amplitude from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America lifted their target price on Amplitude from $14.00 to $16.50 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. DA Davidson upped their target price on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley increased their price objective on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Finally, KeyCorp upped their price objective on shares of Amplitude from $14.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Amplitude currently has a consensus rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Trading Up 3.7%

Shares of AMPL traded up $0.60 during midday trading on Friday, reaching $16.70. The stock had a trading volume of 2,412,805 shares, compared to its average volume of 2,130,689. Amplitude has a one year low of $5.51 and a one year high of $18.85. The firm has a market cap of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30. The firm has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $9.76.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $107.02 million. Amplitude had a negative net margin of 25.24% and a negative return on equity of 45.71%. As a group, research analysts forecast that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Activity at Amplitude

In related news, CEO Spenser Skates sold 6,651 shares of Amplitude stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $17.53, for a total value of $116,592.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the sale, the insider owned 1,622,696 shares of the company’s stock, valued at approximately $21,078,821.04. The trade was a 15.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 675,049 shares of company stock valued at $9,276,846. 21.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. boosted its position in Amplitude by 6.4% during the 3rd quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after buying an additional 843 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Amplitude by 169.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Amplitude by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,249 shares of the company’s stock valued at $661,000 after purchasing an additional 1,816 shares during the last quarter. Sterling Capital Management LLC raised its position in Amplitude by 838.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock valued at $44,000 after purchasing an additional 2,841 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Amplitude during the second quarter valued at approximately $48,000. 73.20% of the stock is currently owned by institutional investors.

Key Amplitude News

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Amplitude reported Q3 adjusted earnings of $0.04 per share, above the $0.03 consensus, and revenue of about $110.6 million versus estimates of $107.0 million. Revenue grew 25% year over year, and the company’s full-year outlook exceeded expectations. Amplitude Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted enterprise AI adoption and new products as drivers of growth, while the earnings coverage also noted record margins—factors that may reinforce confidence in the company’s growth prospects. Q3 2026 deep dive
• Positive Sentiment: Several firms raised targets after the results: UBS, KeyCorp and Piper Sandler set targets at $22; Needham raised its target to $21, and BTIG to $19. The revisions and maintained Buy or Overweight ratings signal improved analyst expectations. Analysts Boost Their Forecasts
• Negative Sentiment: Despite the quarterly beat, Amplitude remains unprofitable, with a reported negative net margin of 25.24%, leaving profitability a risk for investors. Quarterly earnings report

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.