Amplitude, Inc. (AMPL) stock is surging 5.94% in early trading on Thursday, despite receiving mixed signals from Wall Street analysts. The digital analytics platform provider is seeing significant movement following a series of analyst actions that have painted a complex picture for investors.

While UBS has cut its price target for Amplitude from $13 to $11, other analysts remain optimistic about the company's prospects. Piper Sandler maintained its Overweight rating on the stock, signaling confidence in Amplitude's potential for outperformance. Similarly, Baird reiterated its Outperform rating, suggesting a positive outlook for the company's future.

Adding to the bullish sentiment, Needham has maintained its price target for Amplitude at $16.00 per share. This target represents a significant upside from the stock's current trading levels, potentially fueling investor enthusiasm. The divergent views from analysts appear to be driving increased interest and activity in Amplitude's stock, contributing to today's notable price surge.