tiprankstipranks
Blurbs

Analysts Offer Insights on Technology Companies: and New Relic (NEWR)

There’s a lot to be optimistic about in the Technology sector as 1 analysts just weighed in on and New Relic (NEWRResearch Report) with bullish sentiments.

New Relic (NEWR)

Robert W. Baird analyst Robert Oliver maintained a Buy rating on New Relic on July 14 and set a price target of $117.00. The company’s shares closed last Tuesday at $67.55.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 11.4% and a 58.7% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and PROS Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for New Relic with a $71.50 average price target, which is a 7.1% upside from current levels. In a report issued on July 7, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $81.00 price target.

See the top stocks recommended by analysts >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on NEWR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More