4 big analyst cuts: Amplitude pelted with 3 downgrades after weak guidance
By Davit Kirakosyan
Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Amplitude, Dutch Bros , Westlake Chemical , and Radian.
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Amplitude downgraded by 3 analysts; shares plunge on weak guidance
Amplitude (NASDAQ:AMPL) was hit with several downgrades today after the company reported its Q1 earnings. Shares plunged more than 22% premarket today on weaker-than-expected full-year revenue guidance.
Piper Sandler downgraded the company to Neutral from Overweight with a price target of $9.00. William Blair downgraded to Market Perform from Outperform, and KeyBanc downgraded to Sector Weight from Overweight.
InvestingPro users got this news in rapid fire. Never miss another real-time downgrade.
Dutch Bros downgraded following Q1 results
TD Cowen downgraded Dutch Bros (NYSE:BROS) to Market Perform from Outperform and cut its price target to $33.00 from $39.00.
Shares fell more than 7% premarket today after the company reported a Q1 revenue miss.
2 more downgrades
Tudor Pickering downgraded Westlake Chemical (NYSE:WLK) to Sell from Hold, as InvestingPro reported in real time. Last week, the company reported its Q1 earnings, beating the Street estimates.
BofA Securities downgraded Radian (NYSE:RDN) to Underperform from Buy. The company posted better-than-expected Q1 earnings last week.
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4 big analyst cuts: Amplitude pelted with 3 downgrades after weak guidance
