bullish
Amplitude: Valuations Look Attractive and Growth Catalysts May Materialize in CY22
324 Views07 Jun 2022 04:33
SUMMARY
- During the #1 product and growth conference Amplify 2022 in Las Vegas, Amplitude (AMPL US) introduced the Customer Data Platform (CDP) with integrated product analytics.
- The company expanded partner integration with Snowflake Inc (SNOW US) to improve data connectivity while Amplitude Experiment sees strong traction with customers.
- With shares down ~65% YTD, Amplitude has underperformed the Nasdaq Composite (-23%). Our PT is $28.00, implying ~14x EV/2022E revenue and ~10x EV/2023E revenue.
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Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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