Form 8-K NEW RELIC, INC. For: Aug 04
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New Relic (NEWR) PT Lowered to $77 at Needham & Company
August 5, 2020 6:58 AM EDTNeedham & Company analyst Jack Andrews lowered the price target on New Relic (NYSE: NEWR) to $77.00 (from $79.00) while maintaining a Buy rating.
The analyst commented, "NEWR reported mixed 1QFY21 results as revenue and EPS beat consensus, but commentary around recent pricing/packaging changes imply increased... More
