Morgan Stanley analyst Elizabeth Porter lowered the firm’s price target on Amplitude to $12 from $13 and keeps an Equal Weight rating on the shares. The firm models to the midpoint of management guidance in Q4 and its ARR forecast has come down by 2% and 9% in FY24 and FY25, respectively, as management maintains a cautious outlook, the analyst tells investors.
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Read More on AMPL:
- Amplitude raises FY23 EPS view to 5c-6c from 2c-4c, consensus 4c
- Amplitude sees Q4 adjusted EPS 2c-3c, consensus 3c
- Amplitude reports Q3 adjusted EPS 5c, consensus 3c
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