William Blair analyst Arjun Bhatia has maintained their neutral stance on AMPL stock, giving a Hold rating yesterday.
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Arjun Bhatia has given his Hold rating due to a combination of factors that reflect both positive momentum and areas needing further progress. Amplitude has shown promising signs with its ARR growth accelerating to 16% this quarter, driven by successful expansion deals and a strong platform strategy. The company’s ability to consolidate various product-related solutions into a single platform has positioned it well in a fragmented market, leading to increased customer engagement and retention.
Despite these positive developments, Bhatia remains cautious, as the stock is currently trading at a discount compared to its growth peers. While there is optimism about Amplitude’s long-term potential in product analytics and experience, the analyst seeks more consistent progress towards achieving low- to mid-teens top-line growth before upgrading the recommendation. This balanced view of current improvements and future expectations underpins the Hold rating.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $13.00 price target.