Amplitude upgraded to Outperform from Neutral at Baird

Baird upgraded Amplitude (AMPL) to Outperform from Neutral with a price target of $17, up from $12. The company reported solid Q4 results, featuring a sales beat, and issued 2025 guidance ahead of consensus, the analyst tells investors in a research note. The firm says the combination of product and platform enhancements, go-to-market changes, and stronger execution leaves it more optimistic that Amplitude can show growth reacceleration. The company is in a “very strong position to capture any increase in spend,” contends Baird. It sees room for multiple expansion as Amplitude’s growth reaccelerates.