Scotiabank Forecasts Strong Price Appreciation for Amplitude (NASDAQ:AMPL) Stock

Amplitude (NASDAQ:AMPLFree Report) had its price objective boosted by Scotiabank from $10.00 to $12.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently weighed in on AMPL. Piper Sandler raised their target price on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group dropped their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Robert W. Baird dropped their target price on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Read Our Latest Report on AMPL

Amplitude Trading Up 3.9 %

Shares of NASDAQ:AMPL opened at $10.28 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -15.34 and a beta of 1.31. The company has a 50-day moving average price of $8.96 and a 200-day moving average price of $8.82. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42.

Institutional Trading of Amplitude

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Amplitude during the 1st quarter valued at $32,000. Russell Investments Group Ltd. purchased a new position in shares of Amplitude in the 1st quarter worth $45,000. Quest Partners LLC purchased a new position in shares of Amplitude in the 2nd quarter worth $41,000. Principal Financial Group Inc. purchased a new position in shares of Amplitude in the 2nd quarter worth $92,000. Finally, MQS Management LLC purchased a new position in shares of Amplitude in the 1st quarter worth $120,000. 73.20% of the stock is currently owned by institutional investors.

Amplitude Company Profile

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Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.

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Analyst Recommendations for Amplitude (NASDAQ:AMPL)

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