The headline numbers for Amplitude (AMPL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Amplitude is undervalued at 2x EV/NTM Sales, with a market cap of $1 billion, down 90% from its $10 billion peak. AMPL leads in product analytics, poised for growth with simplified user experience and expanding enterprise penetration. Revenue growth and NRR are expected to re-accelerate in 2025, with NRR bottoming out in Q3 '24 at ~95%.
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Investors with an interest in Technology Services stocks have likely encountered both Jacobs Solutions (J) and Amplitude, Inc. (AMPL). But which of these two stocks offers value investors a better bang for their buck right now?
Amplitude said it's moved past its biggest contract resets from the pandemic. Its software is emerging is a crucial tool for generative AI companies.
Upgraded rating from hold to buy due to potential growth acceleration in the coming quarters. 2Q24 earnings showed positive growth, strong billings, and raised revenue guidance. New Amplitude product launch expected to drive further growth acceleration.
Amplitude, Inc. (NASDAQ:AMPL ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Yaoxian Chew - Vice President, Investor Relations Spenser Skates - Chief Executive Officer & Founder Andrew Casey - Chief Financial Officer Mike Dean - Vice President, Corporate Controller Conference Call Participants Koji Ikeda - Bank of America Arjun Bhatia - Blair Nick Altmann - Scotia Rob Oliver - Baird Claire Gerdes - USB Jackson Ader - KeyBanc Elizabeth Porter - Morgan Stanley Clark Wright - DA Davidson Yaoxian Chew Hello, everyone. Welcome to Amplitude's Second Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Amplitude (AMPL) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Headlines might say technology stocks have been rallying this year, but it depends on where you look. The Russell 2000 Index, for example, tracks small-t0-midsized capitalization stocks listed in the United States.
Amplitude (AMPL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.