Amplitude price target raised to $12 from $10 at Baird

Baird raised the firm’s price target on Amplitude (AMPL) to $12 from $10 and keeps a Neutral rating on the shares. The firm said they reported a good quarter as the macro environment continues to pressure budgets. Q4 revenue guidance was mildly above consensus, though profitability was below as the company remains committed to reinvesting into its Enterprise GTM motion and product innovation in order to increase market share.