Morgan Stanley raised its price target for Amplitude (AMPL) to $16.00 from $12.00. The firm maintained its "overweight" rating on the stock. This update occurred on August 13, 2026. The new target suggests considerable upside from recent trading levels. Analyst Elizabeth Porter's update reflects growing confidence in the digital analytics company's growth potential.
This move follows Amplitude's strong second-quarter performance. The company reported these results on August 5th. Amplitude exceeded revenue estimates for the quarter. Piper Sandler and UBS also recently raised their price targets for Amplitude. These actions contribute to a "Moderate Buy" consensus rating for the company.