Amplitude Inc. ($AMPL) Stock Forecast: Up 5.0% Today

What is Amplitude Inc.?

Amplitude (AMPL) is a company listed on the NASDAQ exchange. The stock had a bullish movement today.

Why is Amplitude Inc. going up?

AMPL stock is up 5.0% on Aug 13, 2024 16:26

• Amplitude (AMPL) reported revenue of $73.30 million for Q2 2024, surpassing analyst estimates by 1.86%.
• The optimistic earnings report likely played a role in the stock price's upward trend.
• Investors may have responded positively to the firm's robust financial performance, leading to increased purchasing activity and boosting the stock price.
• The market's upbeat reaction to the earnings exceed suggests faith in Amplitude's capacity to achieve results and expand its operations.

AMPL Price Chart

AMPL News

Amplitude (AMPL) Q2 2024 Earnings Call Transcript

AMPL earnings call for the period ending June 30, 2024.

https://www.fool.com/earnings/call-transcripts/2024/08/09/amplitude-ampl-q2-2024-earnings-call-transcript/?source=iedfolrf0000001

AMPL Stock Earnings: Amplitude Beats Revenue for Q2 2024

Amplitude (NASDAQ: AMPL ) just reported results for the second quarter of 2024. The company did not report any EPS for the quarter. The company reported revenue of $73.30 million. This was 1.86% better than the analyst estimate for revenue of $71.96 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post AMPL Stock Earnings: Amplitude Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/ampl-stock-earnings-amplitude-for-q2-of-2024/

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Amplitude Inc. Price History

08.04.2024 - AMPL Stock was down 7.5%

• The bearish movement in AMPL's stock could be due to profit-taking by investors after a recent bullish run.
• The positive news about unitQ being declared a "High Performer" may have had little impact on AMPL's stock price, as market conditions overshadowed individual company achievements.
• Investors might be cautious about the overall market sentiment, leading to a sell-off in AMPL shares despite positive industry recognition.

07.05.2024 - AMPL Stock was down 6.0%

• The announcement of Amplitude's new Snowflake native offering at the Snowflake Data Cloud Summit 2024 could have raised concerns among investors about potential integration challenges or competition in the product analytics space.
• The market may be reacting negatively to the news, possibly due to uncertainties surrounding the impact of this new solution on Amplitude's existing customer base or revenue streams.
• Investors might be interpreting the move as a strategic shift for Amplitude, leading to a sell-off of the stock as they wait to see how this new offering performs in the market.

03.05.2024 - AMPL Stock was down 5.2%

• The bearish movement in AMPL stock today can be attributed to:
• Comparisons questioning the value of AMPL stock compared to its peers like NVEE, potentially leading to investor uncertainty and selling pressure.
• A financial institution reaffirming an underweight rating on AMPL stock following a change in the CFO position, signaling potential concerns about the company's financial management and future performance.
• These factors combined likely contributed to a lack of confidence in AMPL's growth prospects, leading to the bearish market movement observed today.

13.05.2024 - AMPL Stock was down 5.2%

• The recent Zacks Rank upgrade to a Buy for Amplitude indicates positive earnings outlook, which usually leads to buying pressure and stock price increase. However, today's bearish movement suggests a temporary setback.
• The shift towards CNG vehicles by Republic Services (RSG) might have garnered positive attention, potentially diverting some investor focus away from Amplitude and contributing to the bearish movement.
• It's possible that profit-taking or market volatility unrelated to the company's fundamentals could also have influenced the bearish movement in Amplitude's stock today.
• Investors should monitor future earnings reports and market sentiment to gauge if the bearish movement in Amplitude is a short-term anomaly or a trend reversal.

15.03.2024 - AMPL Stock was down 5.2%

• The company is currently facing several class action lawsuits from different law firms, potentially influencing the decline in the stock value.
• Concerns among investors regarding the legal challenges and possible Securities Exchange Act violations may have eroded trust in the company's outlook.
• Upcoming deadlines for investors to submit lead plaintiff motions and ongoing notifications about the lawsuits might have fostered a pessimistic mood among shareholders, leading to the stock's decline.

10.04.2024 - AMPL Stock was down 5.7%

• UBS cutting Amplitude stock target and maintaining a Neutral stance could have contributed to the bearish movement as it indicates a lack of strong confidence in the company's future performance.
• Despite beating revenue expectations for Q1 2024, the stock might have experienced a bearish trend due to other factors overshadowing this positive result.
• The declaration of unitQ as a "High Performer" in the customer feedback analytics space by G2 might have diverted investor attention away from Amplitude, impacting its stock performance negatively.

12.05.2024 - AMPL Stock was up 5.3%

• AMPL's bullish movement today could be attributed to growing investor optimism in the electric vehicle sector, following developments in Republic Services adopting CNG vehicles to enhance operational efficiency.
• The shift towards more sustainable transportation solutions by companies like Republic Services could be seen as a positive sign for the electric vehicle industry as a whole, boosting confidence in companies like AMPL.
• The increasing adoption of environmentally friendly practices by corporations, such as the transition to CNG vehicles by Republic Services, could lead to greater demand for electric vehicle technologies, benefiting companies like AMPL in the long run.

16.04.2024 - AMPL Stock was down 5.0%

• AMPL stock displayed a bearish trend, potentially influenced by UBS cutting its stock target and maintaining a Neutral stance on the company, impacting investor confidence.
• Despite outperforming revenue expectations in Q1 2024, the stock might have been affected by a general market sentiment towards technology services stocks, with investors seeking stronger performance indicators beyond revenue.
• Comparisons with Coherent (COHR) in terms of value might have influenced the downturn in AMPL stock, as certain valuation metrics favored the other company.
• A slight miss in earnings per share, despite surpassing revenue estimates, could have contributed to the negative market sentiment surrounding AMPL stock, resulting in the observed bearish movement.

11.06.2024 - AMPL Stock was up 6.0%

• AMPL experienced a bullish trend, possibly due to positive valuation comparisons with SMGZY.
• Investors seemed to prefer AMPL over SMGZY for its perceived value and growth potential.
• The uptick in market activity might be linked to a growing investor interest in AMPL's growth prospects in contrast to its competitor.

25.06.2024 - AMPL Stock was up 5.1%

• Despite a decrease in Amplitude's shares target by DA Davidson, the stock displayed a strong bullish movement recently.
• Positive investor sentiment towards larger tech stocks possibly impacted confidence in the tech sector, contributing to Amplitude's bullish movement.
• Investors seem to perceive Amplitude's current valuation favorably as it is trading at an all-time low and potentially undervalued compared to its larger counterparts.
• Traders may be readjusting their risk appetite, showing increased interest in smaller tech stocks with growth potential, driving up buying activity in Amplitude.

01.07.2024 - AMPL Stock was down 5.4%

• The comparison between FUTU and AMPL for value might have sparked interest in investors, leading to a shift in focus away from AMPL.
• Investors possibly found more attractive opportunities in FUTU, causing a sell-off in AMPL shares.
• This comparative analysis could have highlighted certain weaknesses or challenges faced by AMPL, contributing to the bearish market movement.
• Concerns about AMPL's valuation might have prompted investors to reevaluate their positions and sell off their holdings.

13.07.2024 - AMPL Stock was up 5.0%

• Amplitude (AMPL) reported revenue of $73.30 million for Q2 2024, surpassing analyst estimates by 1.86%.
• The optimistic earnings report likely played a role in the stock price's upward trend.
• Investors may have responded positively to the firm's robust financial performance, leading to increased purchasing activity and boosting the stock price.
• The market's upbeat reaction to the earnings exceed suggests faith in Amplitude's capacity to achieve results and expand its operations.