As previously reported yesterday, DA Davidson analyst Gil Luria initiated coverage of Amplitude with a Neutral rating and $13 price target. The stock offers a "compelling" and "under-appreciated" way to invest in the Digital Transformation mega-trend as Product Analytics "*is*" Digital Transformation, the analyst tells investors in a research note. The firm adds however that while Amplitude should continue to ride the shift to digital products and digital interfaces with tangible products, its neutral stance reflects the hesitation around the the potential for short-term disruption from the unwinding of Silicon Valley Bank.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMPL:
