New Relic (NEWR) Tops Q1 EPS by 4c

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New Relic (NEWR) PT Raised to $113 at Cowen

August 8, 2018 7:08 AM EDT

Cowen raised its price target on New Relic (NYSE: NEWR) to $113.00 (from $110.00) while maintaining a Outperform rating.

Analyst J. Derrick Wood commented, "1Q billings growth of 27% beat consensus of 17%. It was a strong qtr in both SMB and Enterprise, with % of ARR... More

New Relic (NEWR) PT Raised to $129 at Needham & Company

August 8, 2018 6:42 AM EDT

Needham & Company raised its price target on New Relic (NYSE: NEWR) to $129.00 (from $121.00) while maintaining a Buy rating.

Analyst Jack Andrews commented, "NEWR reported strong FY1Q19 results and raised the midpoint of FY19 guidance by $5 million. Strength in the quarter was driven... More