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New Relic price target raised to $73 from $63 at Cowen
The Fly

New Relic price target raised to $73 from $63 at Cowen

Cowen analyst J. Derrick Wood raised the firm’s price target on New Relic to $73 from $63 and keeps a Market Perform rating on the shares. The analyst said they reported solid Q3 results consistent with quarter-over-quarter growth versus the first half of 2023 and showed improved profitability trends.

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