New Relic (NEWR) Misses Q3 EPS by 3c, Revenues Beat; Lowers FY20 EPS Outlook, Raises FY20 Revenue Guidance, Provides Q4 Views
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New Relic (NEWR) PT Lowered to $108 at Needham & Company
February 5, 2020 7:34 AM ESTNeedham & Company analyst Jack Andrews lowered the price target on New Relic (NYSE: NEWR) to $108.00 (from $110.00) while maintaining a Buy rating.
The analyst commented, "NEWR reported mixed 3QFY20 results as revenue and billings beat consensus but EPS, net dollar-based expansion, and FY20 EPS... More
SunTrust Reiterates Buy Rating on New Relic (NEWR) Following 3Q Report
February 5, 2020 7:23 AM ESTSunTrust analyst Joel Fishbein Jr. reiterated a Buy rating and $85.00 price target on New Relic (NYSE: NEWR) following the company's 3Q earnings report. The Company reported $153M of revenue for 3Q20, ahead of consensus at $149M and the high end of guidance at... More
BMO Capital Downgrades New Relic (NEWR) to Market Perform
February 5, 2020 4:40 AM ESTBMO Capital analyst Keith Bachman downgraded New Relic (NYSE: NEWR) from Outperform to Market Perform with a price target of $72.00 (from $78.00).
The analyst comments "While we acknowledge that NEWR has an inexpensive valuation at less than 5x revs, we are skeptical about... More
New Relic (NEWR) Offers a Favorable Setup Into Earnings - Needham & Company
February 3, 2020 7:06 AM ESTNeedham & Company analyst Jack Andrews reiterated a Buy rating and $110.00 price target on New Relic (NYSE: NEWR) seeing a favorable Risk/Reward setup ahead of 3Q20 earnings results on Tuesday, February 4th.
The analyst stated "we have fielded a number of... More
UPDATE: Raymond James Upgrades New Relic (NEWR) Two Notches to Strong Buy
February 3, 2020 6:29 AM EST(Updated - February 3, 2020 7:42 AM EST)
(updated to add analyst comments)
Raymond James analyst Michael Turits upgraded New Relic (NYSE: NEWR) from Market Perform to Strong Buy with a price target of $83.00.
stock still 39% off its 52-week highs,... More