Zacks Investment Research Upgrades New Relic (NEWR) to “Strong-Buy”
Summary
BMO Capital Markets reduced their price objective on shares of New Relic from $117.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, November 7th. Oppenheimer raised their price objective on shares of New Relic from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. On average, equities research analysts expect that New Relic will post -0.36 earnings per share for the current fiscal year. In related news, insider James R. Gochee sold 2,381 shares of New Relic stock in a transaction dated Friday, November 16th. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in New Relic by 115.3% during the 4th quarter.
Classifications
industries
Fintech & Banking
applications
Customer Service & Support
AskAI Classifications
Labels
Software Development
SaaS
Application Performance Monitoring
Linked Companies
New Relic
$100M to $250M