Analyst Expectations for New Relic's Future
Portfolio Pulse from Benzinga Insights
In the last quarter, 9 analysts have given indifferent ratings to New Relic (NYSE:NEWR) with no bullish or bearish ratings. The company has an average 12-month price target of $85.67, representing a 3.87% decrease from the previous average price target of $89.12.
September 15, 2023 | 9:00 pm
News sentiment analysis
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NEGATIVE IMPACT
New Relic has received indifferent ratings from analysts, with a lower 12-month price target.
The indifferent ratings from analysts and a lower price target suggest a lack of confidence in the company's stock performance, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100