New Relic Announces Fourth Quarter and Full Fiscal Year 2019 Results

Go back to New Relic Announces Fourth Quarter and Full Fiscal Year 2019 Results

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