Amplitude shares rose 23% in October, according to S&P Global Market Intelligence, despite no major company-specific news. The article attributes the gain to a rotation out of AI infrastructure stocks into names seen as undervalued, like Amplitude, plus positive analyst notes; the stock rose 18% over five days beginning Oct. 19. Bank of America raised its price target from $14 to $16.50 and then to $19, while BTIG lifted its target from $13 to $17. Ahead of third-quarter results due Thursday, analysts expect revenue to rise 20.9% to $107 million and adjusted EPS to climb from $0.02 to $0.03.
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