Investors interested in Technology Services stocks are likely familiar with Jacobs Solutions (J) and Amplitude, Inc. (AMPL). But which of these two stocks offers value investors a better bang for their buck right now?
Quantum computing stocks are having a moment.
I reiterate my buy rating for Amplitude stock, expecting mid-teens revenue growth and a 20% upside to the share price. AMPL's enterprise sales strategy is driving significant ARR growth, with customers over $100k ARR increasing 16% y/y and enterprise deals now 80% of the pipeline. Product expansion, including Guides & Surveys and session replay, enhances AMPL's platform, increasing TAM and customer stickiness, crucial for long-term growth.
Amplitude (AMPL 3.03%) went public toward the tail end of the pandemic boom, and that timing has been unfortunate for the digital product optimization specialist.
Amplitude stock fell slightly after its Q4 earnings print, creating a well-timed buying opportunity. The company is expecting revenue acceleration in FY25, driven by improving retention and churn trends amid a still-choppy macro environment. The company's push upmarket is helping to spur robust ARR growth with a path to further expansion.
Piper Sandler analyst Brent A. Bracelin reiterated the Overweight rating on Amplitude, Inc. AMPL, raising the price forecast to $17 from $15.
Amplitude, Inc. (NASDAQ:AMPL ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants John Streppa - Head, Investor Relations Spenser Skates - Chief Executive Officer & Co-Founder Andrew Casey - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Koji Ikeda - Bank of America Clark Wright - DA Davidson Kyle Diehl - KeyBanc Nick Altmann - Scotiabank Taylor McGinnis - UBS Ashley Kim - Citi Arjun Bhatia - William Blair Rob Oliver - Baird Elizabeth Porter - Morgan Stanley John Streppa Hello, everyone. Welcome to Amplitude's Fourth Quarter and Full Year 2024 Earnings Call.
Amplitude (AMPL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Amplitude, a marketing analytics software company, makes for a great value/rebound play at just ~3x forward revenue. The company has struggled with higher churn rates over the past year, which has contributed to a slowdown in revenue growth to the single digits. However, AMPL is also picking up new customers at a rapid clip, with paid customer counts up 40% y/y in its most recent quarter.
Amplitude Inc. NASDAQ: AMPL is a leading AI-powered product analytics platform enabling companies to better understand how customers engage with their digital products and services. It tracks customers' behaviors and identifies trends and patterns, providing data-driven insights to help businesses improve engagements and make better product decisions.
Down 88%, This Growth Stock Could Be Set for a Recovery in 2025
Amplitude, Inc. (NASDAQ:AMPL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Yaoxian Chew - Vice President, Investor Relations Spenser Skates - Chief Executive Officer & Founder Andrew Casey - Chief Financial Officer Conference Call Participants George McGregor-Henon - Bank of America Brent Bracelin - Piper Matt Pryde - Citi Willow Ahn - Blair Jack Nichols - KeyBanc Elizabeth Porter - Morgan Stanley Clark Wright - DA Davidson Operator Yaoxian Chew During today's call, management will make forward-looking statements, including statements regarding our financial outlook for the fourth quarter and full year 2024, the expected performance of our products, our expected quarterly and long-term growth investments, and our overall future prospects. These forward-looking statements are based on current information, assumptions, and expectations and are subject to risks and uncertainties, some of which are beyond our control that could cause actual results to differ materially from those described in these statements.