New Relic Announces Fourth Quarter and Full Fiscal Year 2019 Results

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New Relic (NEWR) PT Raised to $131 at Needham & Company

May 15, 2019 7:41 AM EDT

Needham & Company analyst Jack Andrews raised the price target on New Relic (NYSE: NEWR) to $131.00 (from $129.00) while maintaining a Buy rating following the company's 4Q earnings report. 4QFY19 revenue increased 34.2% year-over-year (YoY) to $132.1 million, above the consensus estimate of $128.1 million. Non-GAAP EPS was $0.13, above... More