Amplitude price target raised to $13 from $11 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Amplitude (AMPL) to $13 from $11 and keeps an Equal Weight rating on the shares. Q4 results built confidence that macro headwinds are behind the company and FY25 revenue was guided ahead of Street, partially offset by higher expense to support go-to-market changes, the analyst tells investors in a post-earnings note. The firm sees shares appropriately reflecting growth relative to profitability, the analyst added.