4 big analyst cuts: Amplitude earns 3 downgrades after weak guidance | Pro Recap

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4 big analyst cuts: Amplitude earns 3 downgrades after weak guidance | Pro Recap
Credit: © Reuters.

By Davit Kirakosyan

Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday.

Amplitude downgraded at 3 firms, shares plunge on weak guidance

Amplitude (NASDAQ: AMPL ) received 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.

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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.

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. 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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