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

Scotiabank raised the firm’s price target on Amplitude (AMPL) to $12 from $10 and keeps a Sector Perform rating on the shares. Market strength and improvements in expansion led to slight ARR reacceleration and, with Q4 having a healthier renewal base, the company should have an easier path forward, the analyst tells investors.