Piper Sandler Cuts Amplitude Price Target to $10, Cites Software Sector Re-rating
Piper Sandler reduced its price target on Amplitude Inc. to $10 from $12 while retaining an Overweight rating. The target implies roughly 39% upside from the stock's current price of $7.18. The firm highlighted a small fourth-quarter revenue beat, continued acceleration in annual recurring revenue growth, and traction with AI-native customers, whil…