NASDAQ:AMPL - Nasdaq - US03213A1043 - Common Stock - Currency: USD
Piper Sandler raises Amplitude's price target to $17, citing strong multi-product momentum, enterprise growth, and the potential of Command AI.
Shares of data analytics software provider Amplitude (NASDAQ:AMPL) jumped 22.7% in the pre-market session after the company reported impressive fourth-quarter 2024 earnings: its sales and operating profits outperformed Wall Street's estimates. Looking ahead, management expects revenue growth to accelerate in 2025, with guidance implying a mid-single-digit increase. One notable bright spot is the company's ability to land larger enterprise deals, as seen in the 16% y/y growth in customers generating over $100,000 in ARR. This suggests a growing reliance on high-value contracts, which could provide more stable long-term growth. Overall, we think this was a solid quarter with some key areas of upside. Following the results, Baird upgraded the stock's rating from Hold to Buy, adding "While the macro still represents challenges, AMPL is in a very strong position to capture any increase in spend.".
AMPL earnings call for the period ending December 31, 2024.
Data analytics software provider Amplitude (NASDAQ:AMPL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 9.4% year on year to $78.13 million. Guidance for next quarter’s revenue was optimistic at $79.5 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.
Data analytics software provider Amplitude (NASDAQ:AMPL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 9.4% year on year to $78.13 million. Guidance for next quarter’s revenue was optimistic at $79.5 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.
Data analytics software provider Amplitude (NASDAQ:AMPL) will be reporting earnings tomorrow after the bell. Here’s what you need to know.
Software is rapidly reducing operating expenses for businesses. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping as the industry has posted a 42.2% gain over the past six months, beating the S&P 500 by 25.3 percentage points.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data analytics industry, including Amplitude (NASDAQ:AMPL) and its peers.
Amplitude stock shows potential for a turnaround as product analytics demand grows. See how its rising ARR and new innovations could drive growth.
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