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Investing.com - DA Davidson has reiterated its Buy rating and $16.00 price target on Amplitude Inc (NASDAQ:AMPL), currently trading at $11.38 with a market capitalization of $1.51 billion, highlighting the company’s strong position in the digital analytics market. According to InvestingPro data, analyst targets range from $13 to $18.
The research firm believes Amplitude is well positioned to capitalize on enterprises’ development of digital offerings by providing a comprehensive digital analytics platform. This applies to both digital and non-digital native companies seeking analytics solutions. The company maintains strong fundamentals with a 74.23% gross profit margin and 9.93% revenue growth over the last twelve months.
DA Davidson noted that Amplitude is actively pursuing acqui-hires to accelerate its pace of innovation and improve its competitive positioning in the market. These strategic talent acquisitions could strengthen the company’s capabilities.
The firm’s analysis of developer data indicates positive usage trends for Amplitude’s products, which supports their long-term investment thesis on the company. These usage metrics provide tangible evidence for their optimistic outlook.
The $16 price target is based on 5x DA Davidson’s revenue estimate for Amplitude in 2026, reflecting their confidence in the company’s growth trajectory over the next several years.
In other recent news, Amplitude Inc. reported its second-quarter 2025 earnings, showcasing a significant rise in revenue to $83.3 million, surpassing analyst forecasts. The earnings per share (EPS) remained steady at $0.01, aligning with expectations. Following these results, DA Davidson increased its price target for Amplitude to $16, maintaining a Buy rating, citing the company’s consistent growth in performance obligations and improved customer retention metrics. Similarly, Needham raised its price target to $18, also maintaining a Buy rating, noting the "exceptional" second-quarter results and a 200% year-over-year increase in net new annual recurring revenue (ARR). These developments underscore Amplitude’s strong financial performance and strategic advancements in AI technology.
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