BMO Capital Maintains Market Perform on New Relic, Lowers Price Target to $87
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on New Relic (NEWR) and lowered the price target from $88 to $87.

August 01, 2023 | 12:26 pm
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New Relic's price target has been lowered by BMO Capital from $88 to $87, while maintaining a 'Market Perform' rating.
The lowering of the price target by BMO Capital indicates a slightly less optimistic outlook for New Relic. However, the maintenance of the 'Market Perform' rating suggests that the company is expected to perform in line with the market, which may not significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100