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Analysts Offer Insights on Technology Companies: Rolls-Royce Holdings (OtherRYCEF) and New Relic (NEWR)

Analysts fell to the sidelines weighing in on Rolls-Royce Holdings (RYCEFResearch Report) and New Relic (NEWRResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Rolls-Royce Holdings (RYCEF)

In a report released today, Christophe Menard from Deutsche Bank maintained a Hold rating on Rolls-Royce Holdings, with a price target of £0.90. The company’s shares closed last Thursday at $1.02, close to its 52-week low of $0.95.

According to TipRanks.com, Menard is ranked #4628 out of 7992 analysts.

Currently, the analyst consensus on Rolls-Royce Holdings is a Hold with an average price target of $1.22, which is a 18.5% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a £1.02 price target.

See today’s best-performing stocks on TipRanks >>

New Relic (NEWR)

In a report released today, Mike Cikos from Needham downgraded New Relic to Hold. The company’s shares closed last Thursday at $61.32.

According to TipRanks.com, Cikos is a 1-star analyst with an average return of -2.2% and a 40.8% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Cognyte Software, and Tenable Holdings.

Currently, the analyst consensus on New Relic is a Moderate Buy with an average price target of $68.38, a 9.8% upside from current levels. In a report issued on July 21, RBC Capital also maintained a Hold rating on the stock with a $62.00 price target.

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