Are Analysts Bullish about New Relic, Inc. (NYSE:NEWR) after last week?

April 26, 2018 - By Adrian Erickson

New Relic, Inc. (NYSE:NEWR) Logo

New Relic, Inc. (NYSE:NEWR) Ratings Coverage

Among 13 analysts covering New Relic (NYSE:NEWR), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. New Relic had 18 analyst reports since November 8, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, February 7 by BMO Capital Markets. As per Wednesday, November 8, the company rating was maintained by JMP Securities. The rating was maintained by Guggenheim with “Buy” on Wednesday, February 7. The stock has “Buy” rating by Robert W. Baird on Thursday, January 4. BMO Capital Markets initiated the shares of NEWR in report on Friday, January 12 with “Hold” rating. The firm has “Overweight” rating given on Wednesday, November 8 by KeyBanc Capital Markets. The stock of New Relic, Inc. (NYSE:NEWR) has “Buy” rating given on Monday, April 2 by Needham. J.P. Morgan downgraded it to “Hold” rating and $62.0 target in Tuesday, December 12 report. Robert W. Baird maintained it with “Buy” rating and $85.0 target in Friday, March 16 report. The rating was maintained by Oppenheimer on Friday, March 23 with “Buy”. Below is a list of New Relic, Inc. (NYSE:NEWR) latest ratings and price target changes.

02/04/2018 Broker: Needham Rating: Buy New Target: $84.0000 Maintain
23/03/2018 Broker: Oppenheimer Rating: Buy New Target: $85.0000 Maintain
19/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $70 New Target: $86 Maintain
16/03/2018 Broker: Robert W. Baird Rating: Buy New Target: $85.0 Maintain
23/02/2018 Broker: Wedbush Rating: Outperform New Target: $86 Initiates Coverage On
07/02/2018 Broker: Guggenheim Rating: Buy New Target: $65.0 Maintain
07/02/2018 Broker: Cowen & Co Rating: Buy New Target: $65.0 Maintain
07/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $71.0 Maintain
07/02/2018 Broker: Stephens Rating: Buy New Target: $70.0 Maintain
06/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $68.0 Maintain

The stock decreased 2.77% or $1.98 during the last trading session, reaching $69.45. About 587,302 shares traded or 10.23% up from the average. New Relic, Inc. (NYSE:NEWR) has risen 104.05% since April 26, 2017 and is uptrending. It has outperformed by 92.50% the S&P500.

New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company has market cap of $3.85 billion. The companyÂ’s cloud platform and suite of products include New Relic Digital Intelligence Platform, which enables organizations to collect, store, and analyze data. It currently has negative earnings. It provides New Relic Application Performance Management that offers visibility into the performance and usage of server applications, such as data pertaining to response time, transaction throughput, error rates, transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser, a product that monitors the page view experiences of actual end-users for desktop and mobile browser applications.

New Relic, Inc. (NYSE:NEWR) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: