BUZZ-Amplitude rises on better-than-expected FY25 revenue outlook

Shares of software maker Amplitude AMPL.O up 13.59% at$13.46 in premarket trading

Co's revenue rises 9.4% to $78.13 million from a year earlier; analysts expected $76.69 million according to data compiled by LSEG
AMPL forecasts FY25 revenue between $324.8 million and $330.8 million vs analysts expectations of $326.70 million according to data compiled by LSEG

Brokerage Baird says "while the macro still represents challenges, AMPL is in a very strong position to capture any increase in spend"

Baird upgrades co to "outperform" rating and raises PT to $17 from $12

Brokerage Piper Sandler raises PT to $17 from $15

Five of 10 brokerages rate the stock "buy" or higher, and five "hold"; their median PT is $16 according to data compiled by LSEG

As of last close, stock had risen ~12% this year; it fell about 17% in 2024