Loop Capital Maintains Hold on New Relic, Raises Price Target to $87
Portfolio Pulse from jenniferd'souza@benzinga.com
Loop Capital analyst Yun Kim maintains a 'Hold' rating on New Relic (NYSE:NEWR) and raises the price target from $80 to $87.
August 01, 2023 | 2:15 pm
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Loop Capital analyst Yun Kim maintains a 'Hold' rating on New Relic and raises the price target from $80 to $87.
The news is directly related to New Relic (NEWR). The 'Hold' rating suggests that the analyst believes the stock will perform in line with the market, while the raised price target indicates an expectation of potential upside. However, as the rating is not an upgrade, the short-term impact on the stock price may be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100