1、Wix.com——估值不高，对下半年展望持保守态度，但Q1新用户群增长加速、新产品周期(Wix Studio、AI导入)带来助力。大摩对该股的股票评级为"增持"，目标价为207美元。这一目标价较该股7月 21日收盘价153.96美元有34%的上涨空间。 2、HubSpot——渠道调查显示Q2业绩与Q1类似，尽管估值溢价压缩，但多项增长杠杆可推动中短期增 长。大摩对该股的股票评级为"增持"，目标价为752美元。这一目标价较该股7月21日收盘价546.64美元 有38%的上涨空间。 3、Klaviyo——Q2指引保守，但电商需求及中小企业支出数据健康，令业绩有望在市场预期偏低背景下 超预期。大摩对该股的股票评级为"持股观望"，目标价为40美元。这一目标价较该股7月21日收盘价 32.51美元有23%的上涨空间。 4、Amplitude——产品组合扩张有望提升份额，且生成式AI推动数字产品创作节奏加快，可能改善终端 市场敞口。大摩对该股的股票评级为"持股观望"，目标价为12美元。这一目标价较该股7月21日收盘价 12.62美元有5%的下行空间。 大摩指出，SaaS类股票年初至今大幅落后于更广泛的软件行业，主要原 ...

Core Viewpoint - Amplitude is positioned to leverage AI technology to enhance its product analytics offerings, showing signs of recovery and growth after a challenging period in the tech industry [2][3][5]. Group 1: Company Performance - Amplitude's stock has surged 56% over the last year, indicating positive investor sentiment and momentum in its product lineup [3]. - The company reported 12% annual recurring revenue growth and 10% overall revenue growth in its first quarter, marking an improvement from previous years [9]. - Remaining performance obligations increased by 30% to $325.9 million, suggesting customers are committing to longer contracts, which is a positive indicator of growth momentum [9]. Group 2: AI Integration - Amplitude introduced new AI agents in June that automate data insights, enhancing the value of its product analytics tools [6]. - The company acquired Kraftful, an AI-native Voice of the Customer start-up, to utilize its large language model for processing user feedback data, further increasing the value of its offerings [8]. - Specific AI agent templates include website conversion agents, onboarding agents, feature adoption agents, and monetization agents, aimed at improving online engagement [7]. Group 3: Market Position - Amplitude has a customer base of over 4,000, including 27% of the Fortune 100, demonstrating its ability to attract large enterprises [10]. - The company was rated No. 1 in product analytics by G2 and has gained market share from larger competitors like Google Analytics and Adobe Analytics, which focus more on marketing analytics [11]. - With a market cap of approximately $1.5 billion, Amplitude has significant upside potential, especially if its new AI agents gain traction [11].

Company Overview - Amplitude, Inc. (AMPL) is experiencing significant activity in the options market, particularly with the July 18, 2025 $7.50 Put option showing high implied volatility, indicating potential for a major price movement [1] Implied Volatility Insights - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant change in Amplitude's stock price, possibly due to an upcoming event [2] Analyst Sentiment - Amplitude holds a Zacks Rank 2 (Buy) in the Technology Services industry, which is in the top 16% of the Zacks Industry Rank. However, over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while three have lowered them, resulting in a consensus estimate adjustment from earnings of 1 cent per share to breakeven [3] Trading Strategy Implications - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from the stock not moving as much as anticipated by expiration [4]

Core Insights - Amplitude, Inc. (AMPL) is outperforming its peers in the Business Services sector with a year-to-date return of approximately 17.9%, compared to the sector average of 3.4% [4] - The Zacks Rank for Amplitude, Inc. is 2 (Buy), indicating a positive earnings outlook and improving analyst sentiment, with a 17.4% increase in the consensus estimate for full-year earnings over the past three months [3][4] - Amplitude, Inc. is part of the Technology Services industry, which has seen an average gain of 5.2% this year, further highlighting AMPL's strong performance relative to its industry peers [6] Company Performance - Amplitude, Inc. has returned about 17.9% since the start of the calendar year, significantly outperforming the average return of 3.4% for Business Services stocks [4] - The stock's earnings outlook is improving, as indicated by a 17.4% increase in the Zacks Consensus Estimate for full-year earnings [4] - The company currently holds a Zacks Rank of 2 (Buy), suggesting favorable conditions for potential investors [3] Industry Context - The Business Services group includes 260 companies and is currently ranked 1 in the Zacks Sector Rank, reflecting the overall strength of the sector [2] - The Technology Services industry, which includes Amplitude, Inc., consists of 122 stocks and is ranked 40 in the Zacks Industry Rank, with an average gain of 5.2% this year [6] - AppLovin (APP), another stock in the Business Services sector, has also shown strong performance with a 4% return year-to-date and a Zacks Rank of 1 (Strong Buy) [5]

Core Insights - AI stocks have rebounded in May after a decline in April, with companies like Nvidia nearing all-time highs and Palantir setting a new record [1][2] Group 1: AI Market Overview - Investors are shifting focus back to the AI boom, with major tech firms investing tens of billions into new data centers for AI programs [2] - Despite the recovery, some AI stocks remain undervalued, presenting potential buying opportunities [2] Group 2: Amplitude - Amplitude, a software-as-a-service company specializing in product analytics, has seen a slowdown after its pandemic-driven growth [4] - The company has enhanced its platform to include tools for customer insights, such as guides, surveys, and session replay features [5] - On June 10, Amplitude will launch AI agents to provide insights and suggest improvements for customers, potentially increasing its market share against competitors like Google Analytics and Adobe Analytics [6][7] - Amplitude's market cap is currently $1.6 billion, and the stock is down 85% from its all-time high [7] Group 3: Upstart - Upstart, which experienced a surge in 2021, faced challenges due to rising interest rates and recession fears, impacting its credit platform [8] - The company's latest AI model, Model 18, enhances credit risk assessment, resulting in fewer defaults and higher approval rates [9] - Financial results show a 67% revenue increase to $213 million in Q1, with adjusted EBITDA of $42.6 million, a significant improvement from a loss a year ago [10] - Upstart is expanding into the auto and home loan markets, with auto loan origination growing fivefold and home loan originations increasing sixfold year-over-year [11] - The stock is down 44% from its 52-week high and 87% from its all-time peak, but AI-driven improvements suggest it may be a smart investment [12]

Core Insights - Amplitude's stock price increased by 35% in May, driven by a strong first-quarter earnings report and positive macroeconomic conditions [2][4] - The company reported a 10% revenue growth to $80 million, surpassing estimates, and achieved break-even adjusted earnings per share [5] - Amplitude's upcoming AI agent launch on June 10 is anticipated to enhance its competitive position [9] Financial Performance - Revenue for the quarter rose to $80 million, slightly above the estimated $79.76 million [5] - Remaining performance obligations (RPO) increased by 30% to $325.9 million, indicating longer customer contracts and increased confidence [5] - The company is targeting full-year revenue between $329 million and $333 million, reflecting a 10.6% increase at the midpoint [9] Market Dynamics - Amplitude's stock surged 19% on May 8 following the earnings report, indicating strong market reaction [4] - The stock gained an additional 13% on May 12 after the U.S. and China agreed to lower tariff rates, which positively impacts the overall economic outlook [7] - The broader recovery in the stock market, alongside fading recession fears, has contributed to Amplitude's stock performance [1][2] Product Development - Amplitude has introduced new features such as Session Replay and Guides & Surveys, enhancing its product analytics platform [6] - The upcoming AI agent is expected to be a significant development for the company, potentially differentiating it from competitors [9] - The company is experiencing traction with its customer base and product suite post-pandemic, with a large addressable market still available [10]

Core Insights - The article compares two Technology Services stocks, Acuity (AYI) and Amplitude, Inc. (AMPL), to determine which is more attractive to value investors [1] Valuation Metrics - Both AYI and AMPL currently hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions for both companies [3] - AYI has a forward P/E ratio of 15.51, while AMPL has a significantly higher forward P/E of 178.74 [5] - AYI's PEG ratio is 1.55, suggesting a more favorable valuation relative to its expected earnings growth, compared to AMPL's PEG ratio of 4.31 [5] - AYI's P/B ratio stands at 3.25, while AMPL's P/B ratio is 4.37, further indicating AYI's relative undervaluation [6] Value Grades - AYI has a Value grade of B, whereas AMPL has a Value grade of F, highlighting AYI as the superior value option based on the discussed metrics [6]

Group 1 - Amplitude, Inc. (AMPL) is a notable stock within the Business Services sector, which consists of 270 companies and currently ranks 3 in the Zacks Sector Rank [2] - The Zacks Rank system, which focuses on earnings estimates and revisions, currently rates Amplitude, Inc. as 2 (Buy) [3] - Amplitude, Inc. has seen a 14.7% increase in the Zacks Consensus Estimate for its full-year earnings over the past quarter, indicating improved analyst sentiment [4] Group 2 - Year-to-date, Amplitude, Inc. has returned approximately 17.4%, significantly outperforming the Business Services sector average return of 3.5% [4] - Amplitude, Inc. is part of the Technology Services industry, which includes 129 stocks and currently ranks 48 in the Zacks Industry Rank, with an average gain of 5.2% this year [6] - Another stock in the Business Services sector, LiveRamp (RAMP), has also outperformed the sector with a year-to-date return of 7.4% and a Zacks Rank of 2 (Buy) [5][6]

Group 1 - Amplitude, Inc. (AMPL) is outperforming its peers in the Business Services sector with a year-to-date performance of approximately 11.9%, compared to the sector average gain of 3.7% [4] - The Zacks Rank for Amplitude, Inc. is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for Amplitude's full-year earnings has increased by 2% over the past quarter, reflecting stronger analyst sentiment [3] Group 2 - Amplitude, Inc. is part of the Technology Services industry, which consists of 129 companies and currently ranks 52 in the Zacks Industry Rank [5] - The Technology Services industry has seen an average gain of 6.2% year-to-date, indicating that Amplitude is performing better than the industry average [5] - Another stock in the Business Services sector, Mogo Inc (MOGO), has also shown strong performance with a year-to-date increase of 12.5% and a Zacks Rank of 2 (Buy) [4][5]

1Q25 Investor Presentation © 2025 Amplitude Inc. All Rights Reserved. Disclaimer This presentation and the accompanying oral presentation have been prepared by Amplitude, Inc. (the "Company"). Certain statements in this presentation and the accompanying oral commentary are forward-looking statements. These statements relate to the Company's financial outlook for the second quarter of 2025 and full year 2025, the expected performance of the Company's products, the Company's expected quarterly and long-term g ...