Piper Sandler Has Lowered Expectations for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its price target decreased by analysts at Piper Sandler from $12.00 to $10.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 41.24% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. Robert W. Baird upped their target price on Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. BTIG Research decreased their price target on shares of Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley set a $16.00 price objective on shares of Amplitude and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.18.

Amplitude Stock Down 1.1%

AMPL stock opened at $7.08 on Thursday. Amplitude has a fifty-two week low of $5.99 and a fifty-two week high of $14.49. The business has a 50 day moving average price of $9.77 and a 200 day moving average price of $10.43. The stock has a market cap of $946.53 million, a price-to-earnings ratio of -10.57 and a beta of 1.48.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, February 18th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Amplitude had a negative net margin of 25.80% and a negative return on equity of 31.40%. The firm had revenue of $91.43 million for the quarter, compared to the consensus estimate of $90.35 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020–0.010 EPS. As a group, sell-side analysts anticipate that Amplitude will post -0.62 EPS for the current year.

Amplitude announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 11.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

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

Institutional Investors Weigh In On Amplitude

Several institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in shares of Amplitude by 2,126.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock valued at $51,590,000 after purchasing an additional 3,973,575 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Amplitude during the third quarter worth $21,922,000. Wellington Management Group LLP lifted its holdings in Amplitude by 783.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock valued at $21,725,000 after purchasing an additional 1,797,228 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amplitude by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 10,825,568 shares of the company’s stock worth $125,360,000 after buying an additional 934,350 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Amplitude by 35.5% in the third quarter. Baillie Gifford & Co. now owns 2,681,896 shares of the company’s stock valued at $28,750,000 after buying an additional 703,328 shares during the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Amplitude News

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Board-approved $100 million share buyback (up to ~11.8% of shares) signals management thinks the stock is undervalued; buybacks can support the share price and EPS. RTT News: Buyback
• Positive Sentiment: Q4 results: revenue of $91.4M beat estimates and EPS of $0.04 met expectations; revenue growth of ~17% y/y and management set FY2026 revenue growth target of ~15% driven by AI agent adoption (agents now ~25% of queries). These metrics and AI adoption narrative support bullish sentiment. MSN: AI growth & results
• Neutral Sentiment: Company provided Q1 & FY26 EPS guidance (FY26: $0.080–0.130; Q1: -$0.020 to -$0.010). Guidance shows path toward profitability but still modest; impact depends on execution. Marketbeat: Guidance & metrics
• Neutral Sentiment: Multiple earnings call transcripts and presentations provide more color on product launches (agentic analytics) and customer traction — useful for long‑term thesis but less likely to move price immediately. Seeking Alpha: Call transcript
• Negative Sentiment: Several Wall Street firms trimmed price targets (KeyCorp $16→$14, Piper Sandler $12→$10, BTIG $14→$10) even while keeping buy/overweight ratings — this reduces near‑term analyst upside and may pressure sentiment. Benzinga: PT cuts
• Negative Sentiment: Market reaction appears muted or negative despite the buyback and decent revenue — likely because Amplitude remains unprofitable (negative net margin/ROE), EPS forecasts for the year remain negative, and some investors may be wary of valuation given prior highs. Zacks: Meets estimates
• Neutral Sentiment: Short‑interest entries in filings show odd/zero values and NaN increases (likely a data/reporting anomaly); current reported days‑to‑cover is 0.0 — not actionable until clearer data is available. (internal short‑interest entries)

Amplitude Company Profile

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.