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.

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