Needham Reiterates Hold on New Relicto Hold
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos reiterates a Hold rating on New Relic (NYSE:NEWR).

May 26, 2023 | 10:38 am
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Needham analyst Mike Cikos reiterates a Hold rating on New Relic (NYSE:NEWR), maintaining the previous rating.
The news is directly related to New Relic (NEWR) as Needham analyst Mike Cikos reiterates a Hold rating on the stock. This indicates that the analyst's view on the stock has not changed, and therefore, the short-term impact on the stock price is expected to be neutral. The relevance is 100 as NEWR is the main subject of the news, while the importance is 50 as analyst ratings can influence investor sentiment. The confidence level is 90 as the information is clear and comes from a reputable source.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100