Raymond James Downgrades New Relic to Market Perform
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Adam Tindle has downgraded New Relic (NYSE:NEWR) from Strong Buy to Market Perform.
August 04, 2023 | 10:45 am
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New Relic's stock rating has been downgraded from Strong Buy to Market Perform by Raymond James.
Analyst ratings often influence the market's perception of a stock. A downgrade from Strong Buy to Market Perform suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure and a potential decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100