Truist Securities Maintains Hold on New Relic, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein maintains a 'Hold' rating on New Relic (NEWR) and raises the price target from $77 to $87.
August 01, 2023 | 3:06 pm
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NEUTRAL IMPACT
Truist Securities has maintained a 'Hold' rating on New Relic and raised the price target from $77 to $87.
The news is directly about New Relic (NEWR). Truist Securities has maintained their 'Hold' rating, indicating they believe the stock will perform in line with the market. The increase in price target from $77 to $87 suggests they see potential for the stock's price to increase. However, as the rating is 'Hold', it's not expected to have a significant impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100