Wedbush Reiterates Neutral on New Relic, Maintains $75 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Taz Koujalgi has reiterated a Neutral rating on New Relic (NEWR) and maintained a $75 price target.

August 04, 2023 | 9:10 am
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Wedbush analyst Taz Koujalgi has reiterated a Neutral rating on New Relic (NEWR) and maintained a $75 price target.
The news directly pertains to New Relic (NEWR) as Wedbush analyst Taz Koujalgi has reiterated a Neutral rating on the company and maintained a $75 price target. This suggests that the analyst sees the stock as fairly valued at its current price, which could influence investor sentiment and trading behavior. However, as this is a reiteration of a previous rating and price target, it may not have a significant impact on the stock's price in the short term.
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IMPORTANCE 70
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