Amplitude price target raised to $15 from $11 at Citi

Citi raised the firm’s price target on Amplitude (AMPL) to $15 from $11 and keeps a Neutral rating on the shares. The company reported its strongest beat in seven quarters in Q4 and best guidance since Q2 of 2023, the analyst tells investors in a research note. The firm says that while encouraged by Amplitude’s continued success with enterprises, it would like to see sustained improvement in gross revenue retention before turning more constructive on the “reacceleration story.”