Form 10-Q NEW RELIC, INC. For: Sep 30

Go back to Form 10-Q NEW RELIC, INC. For: Sep 30

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

November 9, 2021 6:38 AM EST

Needham & Company analyst Jack Andrews raised the price target on New Relic (NYSE: NEWR) to $131.00 (from $84.00) while maintaining a Buy rating.

The analyst commented, "NEWR reported a strong 2QFY22, highlighted by a sharp acceleration in YoY revenue growth to 18% (up from 11% in 1QFY21),... More