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AMPL - Amplitude: Soft Near-Term Outlook Outweigh Potential Upside
Amplitude Inc.
2024-05-22 01:45:43 ET
Summary
Amplitude's growth outlook in the near-term is poor due to a weak macro environment and headwinds from multi-year deal renewals.
Despite better-than-expected earnings, AMPL stock price is under pressure due to decelerating growth.
There is potential for growth reacceleration in the future, with signs of declining impact from multi-year deals and increased customer adoption of multiple products. However, the stock is expected to trade at a low valuation until growth recovers.