Amplitude (AMPL) Stock Forecast & Price Target
Amplitude (AMPL) Analyst Ratings
Bulls say
Amplitude Inc. has demonstrated strong financial momentum, with revenue growth accelerating for the sixth consecutive quarter, reflecting a robust demand for its digital analytics platform, particularly in the realm of platform upsells. The company's revenue reached $83.3 million, showcasing a 10% increase compared to the previous quarter, which marks the second successive quarter of double-digit growth. Additionally, the company's current remaining performance obligations (cRPO) have also shown consistent acceleration, signaling a healthy long-term revenue outlook predicated on rising subscription demand.
Bears say
Amplitude Inc has reported a slight decrease in its full-year operating profit guidance by $2 million at the midpoint, attributing this adjustment to ongoing investments and acquisitions. Despite improvements in operational efficiency, specifically regarding team task completion times, the financial outlook remains constrained due to these increased expenditures. The company's reliance on the U.S. market for a majority of its revenue may also expose it to greater risks, especially in a fluctuating economic environment.
This aggregate rating is based on analysts' research of Amplitude and is not a guaranteed prediction by Public.com or investment advice.
Amplitude (AMPL) Analyst Forecast & Price Prediction
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