Amplitude upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler upgraded Amplitude (AMPL) to Overweight from Neutral with a price target of $15, up from $11. The company’s new leadership additions and acquisitions “could begin to bear fruit in 2025,” the analyst tells investors in a research note. Piper says its top picks for 2025 in cloud applications and analytics are centered on large and strategic vendors best poised to capitalize on artificial intelligence trends. 2025 and 2026 could usher in a renewed appetite to invest in the application and data layers after three years of moderating growth, the analyst tells investors in a research note.