Amplitude: Cheap SaaS Exposure Backed by AI Traction and a Lean Balance Sheet
Amplitude's stock has been punished into the low single digits but the underlying business is showing signs of healthier unit economics: recent quarterly revenue acceleration, notable free cash flow and product-led AI momentum. With a market cap around $900M and $192M of cash plus a $100M buyback authorization, the risk-reward favors a measured lon…