Koji Ikeda, an analyst from Bank of America Securities, reiterated the Buy rating on Amplitude. The associated price target is $20.00.
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Koji Ikeda has given his Buy rating due to a combination of factors, starting with Amplitude’s improving execution and solid forward outlook. The company’s 2026 revenue and non-GAAP operating income guidance both exceed his and the Street’s expectations, while net new ARR has reached its highest level since disclosure began, signaling strengthening demand and healthier customer expansion trends.
He also highlights accelerating ARR growth, rising net retention, and robust remaining performance obligations as evidence that Amplitude’s upmarket strategy and multi-product platform are gaining traction. In addition, he views the rapid adoption of AI-driven agents on the platform as a meaningful long-term growth driver, and notes that the stock trades at a sizable discount to peers on an EV/revenue basis, creating an attractive risk-reward profile that supports his $20 price objective and Buy rating.
According to TipRanks, Ikeda is a 5-star analyst with an average return of 9.6% and a 53.27% success rate. Ikeda covers the Technology sector, focusing on stocks such as Datadog, Gitlab, and Atlassian.
In another report released today, BTIG also maintained a Buy rating on the stock with a $10.00 price target.