New Relic, Inc. (NYSE:NEWR) Ratings Coverage
Among 4 analysts covering New Relic (NYSE:NEWR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New Relic had 5 analyst reports since November 7, 2018 according to SRatingsIntel. On Tuesday, January 15 the stock rating was upgraded by Morgan Stanley to “Overweight”. JP Morgan upgraded New Relic, Inc. (NYSE:NEWR) on Thursday, December 13 to “Overweight” rating. The rating was upgraded by First Analysis on Wednesday, November 7 to “Strong Buy”. The firm has “Buy” rating given on Wednesday, February 27 by Wedbush. Below is a list of New Relic, Inc. (NYSE:NEWR) latest ratings and price target changes.
28/02/2019 Broker: BidaskScore Rating: Buy Upgrade
27/02/2019 Broker: Wedbush Rating: Buy New Target: $124 Maintain
15/01/2019 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Upgrade
13/12/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
07/11/2018 Broker: First Analysis Old Rating: Outperform New Rating: Strong Buy Old Target: $114 New Target: $116 Upgrade
The stock decreased 1.09% or $1.15 during the last trading session, reaching $104.03. About 641,912 shares traded. New Relic, Inc. (NYSE:NEWR) has risen 42.41% since March 17, 2018 and is uptrending. It has outperformed by 38.04% the S&P500.
New Relic, Inc., a software-as-a-service company, provides digital intelligence products worldwide. The company has market cap of $5.97 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.
More notable recent New Relic, Inc. (NYSE:NEWR) news were published by: Fool.com which released: “This Explains Why New Relic Is Soaring Today – The Motley Fool” on May 09, 2018, also Nasdaq.com with their article: “Why These Tech Stocks Got Clobbered Today – Nasdaq” published on November 19, 2018, Investorplace.com published: “Itâ€™s Not Too Late to Join the Atlassian Team – Investorplace.com” on January 22, 2019. More interesting news about New Relic, Inc. (NYSE:NEWR) were released by: Fool.com and their article: “These AI Stocks Gained 30% in the Last Year. But Are They Buys? – Motley Fool” published on January 31, 2019 as well as Seekingalpha.com‘s news article titled: “New Relic: Strong Q3 Reinforces Long-Term Thesis – Seeking Alpha” with publication date: March 15, 2019.