Piper Sandler raised the firm’s price target on Amplitude (AMPL) to $16 from $15 and keeps an Overweight rating on the shares. The firm notes Q2 was headlined by continued acceleration in key forward-looking metrics, with the largest sequential net new ARR build in nearly three years at $15M and the sixth consecutive quarter of cRPO acceleration to 20% year-over-year serving as a testament to the full-platform story unfolding at Amplitude. The risk-reward remains favorable at 6-times 2026 EV/GP for a digital analytics platform leader with growing cross sell and GTM execution, upmarket momentum, and product velocity continuing to reinforce the path to a durable growth reacceleration, Piper adds.
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Read More on AMPL:
- Amplitude’s Strong Financial Performance and Promising Growth Prospects Justify Buy Rating
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