Amplitude rises on better-than-expected FY25 revenue outlook
20/02/2025 11:39
** Shares of software maker Amplitude AMPL.O up 13.59%
at$13.46 in premarket trading
** Co's revenue rises 9.4% to $78.13 million from a year
earlier; analysts expected $76.69 million according to data
compiled by LSEG
** AMPL forecasts FY25 revenue between $324.8 million and
$330.8 million vs analysts expectations of $326.70 million
according to data compiled by LSEG
** Brokerage Baird says "while the macro still represents
challenges, AMPL is in a very strong position to capture any
increase in spend"
** Baird upgrades co to "outperform" rating and raises PT to
$17 from $12
** Brokerage Piper Sandler raises PT to $17 from $15
** Five of 10 brokerages rate the stock "buy" or higher, and
five "hold"; their median PT is $16 according to data compiled
by LSEG
** As of last close, stock had risen ~12% this year; it fell
about 17% in 2024
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))