Blurbs

New Relic (NEWR) Gets a Hold Rating from RBC Capital

In a report issued on July 18, Rishi Jaluria from RBC Capital maintained a Hold rating on New Relic (NEWRResearch Report), with a price target of $45.00. The company’s shares closed last Wednesday at $61.55.

According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

Currently, the analyst consensus on New Relic is a Moderate Buy with an average price target of $66.25, representing a 24.8% upside. In a report issued on July 11, Morgan Stanley also downgraded the stock to Hold with a $64.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $129.70 and a one-year low of $41.66. Currently, New Relic has an average volume of 1.05M.

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.

New Relic, Inc. engages in the provision of cloud-based instrumentation and analytics platform that enables users to collect, store, and analyze massive amounts of data in real time. It offers New Relic APM, MOBILE, SYNTHETICS, INFRASTRUCTURE, and INSIGHTS. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.

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
Videos