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New Relic price target raised to $75 from $68 at Wedbush
The Fly

New Relic price target raised to $75 from $68 at Wedbush

Wedbush analyst Taz Koujalgi raised the firm’s price target on New Relic to $75 from $68 and keeps a Neutral rating on the shares. The firm notes the company posted a good quarter with revenues and operating income both reporting a strong beat. The sequential growth in revenues was among the strongest Wedbush has seen for a Q3, both in terms of dollars and percentage.

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