Morgan Stanley raised the firm’s price target on Amplitude (AMPL) to $14 from $12 and keeps an Equal Weight rating on the shares. Software underperformed the market for a second consecutive week last week, which the firm attributes to uncertainty around AI’s impact on the sector and “pockets of earnings softness.”
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Read More on AMPL:
- Amplitude Inc. Reports Strong Growth Amid Challenges
- Amplitude price target raised to $16 from $15 at Piper Sandler
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