New Relic (NEWR) Misses Q3 EPS by 3c, Guidance Misses
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CFRA Downgrades New Relic (NEWR) to Hold
February 9, 2022 1:48 PM ESTCFRA downgraded New Relic (NYSE: NEWR) from Strong Buy to Hold with a price target of $96.00 (from $168.00).
The analyst commented, "... our view of NEWR "emerging out of the 'trough' of a business model transformation" was clearly premature, with an FY 3Q21 EPS miss... More
New Relic (NEWR) PT Lowered to $108 at Cowen
February 9, 2022 6:19 AM ESTCowen analyst J. Derrick Wood lowered the price target on New Relic (NYSE: NEWR) to $108.00 (from $115.00) while maintaining a Market Perform rating following results.
The analyst commented, "Rev growth of 22% was slightly above Street at 20%, but the degree of... More
