Amplitude: Rating Upgrade As The Trough Is Getting Near
AMPLAmplitude(AMPL) Seeking Alpha·2024-08-13 12:22
smshoot Investment overview I wrote about Amplitude (NASDAQ:AMPL) previously (May 2024) with a hold rating as I was worried about the near-term growth acceleration potential given the poor macro backdrop and renewal deal headwinds. I upgraded my rating from hold to buy as I see higher potential for growth to accelerate in the coming quarters (my guess is in 4Q24) as rates get cut, multi-year deal headwind eases, revised marketing strategy continues to work well, and New Amplitude performs as expected. 2 ...