DA Davidson upgraded Amplitude (AMPL) to Buy from Neutral with a price target of $16, up from $12.50, following the “strong” Q4 report. Amplitude exited 2024 with strong enterprise momentum and positive indicators that current sales reacceleration is durable in 2025 and beyond, the analyst tells investors in a research note. The firm believes the company’s investments to enhance the enterprise go-to-market motion and drive multi-product adoption have the potential to drive sales efficiency and sales upside. It cites a faster turnaround in the business than previously anticipated fort he upgrade.
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