TD Cowen Maintains Market Perform on New Relic, Raises Price Target to $87
Portfolio Pulse from jenniferd'souza@benzinga.com
TD Cowen analyst J. Derrick Wood maintains a Market Perform rating on New Relic (NYSE:NEWR) and raises the price target from $73 to $87.
August 01, 2023 | 2:58 pm
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TD Cowen analyst maintains a Market Perform rating on New Relic and raises the price target from $73 to $87.
The raised price target by TD Cowen analyst indicates a positive outlook for New Relic. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100