RBC Capital Upgrades New Relic to Outperform, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria upgrades New Relic (NYSE:NEWR) from Sector Perform to Outperform and raises the price target from $75 to $95.
May 26, 2023 | 2:38 pm
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POSITIVE IMPACT
New Relic (NEWR) upgraded to Outperform by RBC Capital, with a raised price target of $95.
RBC Capital's upgrade of New Relic to Outperform and raising the price target to $95 indicates a positive outlook for the company's stock. This news is likely to have a positive short-term impact on NEWR's stock price as investors may see the upgrade as a sign of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100