Amplitude initiated with a Buy at BTIG

BTIG initiated coverage of Amplitude (AMPL) with a Buy rating and $14 price target The firm sees GenAI accentuating the “better together” platform story for Amplitude and sees agents helping bridge gaps and bottlenecks between product analytic workflows. While growth has rebounded, BTIG sees improved execution, a healthier installed base, and an attractive GenAI strategy driving continued strength in growth durability over the medium term, the analyst tells investors in a research note.