DA Davidson Maintains Buy on New Relic, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria maintains a Buy rating on New Relic (NYSE:NEWR) but lowers the price target from $100 to $95.
May 24, 2023 | 12:21 pm
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DA Davidson analyst Gil Luria maintains a Buy rating on New Relic but lowers the price target from $100 to $95.
The news of DA Davidson maintaining a Buy rating on New Relic is positive for the stock. However, the lowering of the price target from $100 to $95 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100