We recently compiled a list of the 12 Cheap Small-Cap Stocks to Invest In Before the Next Breakout. The third stock on our list of best small-cap stocks is Amplitude, Inc.
TheFly reported on January 15 that Morgan Stanley upgraded AMPL from Equal Weight to Overweight and raised its price target to $16 from $14. The firm expects AMPL to benefit from increased volumes of digital product user behavior data as generative AI accelerates the development of mobile and web applications. Additionally, Morgan Stanley pointed out that there is no seat-based pricing overhang and the shares are trading at a fair price, which supports additional potential.
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Additionally, Amplitude, Inc. (NASDAQ:AMPL) reported on January 14 that it acquired InfiniGrow, which is an AI-powered marketing analytics company. The acquisition enhances AMPL’s platform by enabling marketers to better measure, forecast, and optimize the revenue impact of marketing through AI-driven insights and scenario modeling.
Amplitude, Inc. (NASDAQ:AMPL) is a U.S. tech company providing a digital analytics platform that helps businesses understand customer behavior, optimize product experiences, and drive growth. Its subscription‑based software delivers insights, experimentation, and AI‑enabled tools for product, data, and marketing teams worldwide.
While we acknowledge the potential of AMPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
