Analysts have clear opinions on NEWR.
There are 8 analysts on the Wall offering 12 month price targets for New Relic in the last 3 months. The average price target is $81.25 with a high forecast of $110.00 and a low forecast of $63.00. The average price target represents a 11.93% increase from the last price of $72.59.
New Relic, Inc. (NEWR) is followed by 8 analysts on the street.
Jennifer Swanson Lowe from UBS rates it a Buy with a target of $98.00.
Similarly, 2 days ago Sanjit Singh of Morgan Stanley Reiterated a Buy with a target of $83.00.
The consensus on the street is Strong Buy.
What does New Relic, Inc.(NEWR) do ?
New Relic, Inc. engages in the provision of cloud-based instrumentation and analytics platform that enables users to collect, store, and analyze massive amounts of data in real time. It offers New Relic APM, MOBILE, SYNTHETICS, INFRASTRUCTURE, and INSIGHTS. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.
New Relic, Inc. (NEWR) Insider Trades
Multiple company employees have indulged in significant insider trading. New Relic, Inc. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
CEO, 10%, Cirne Lewis : S – Sale(-$575,859) of NEWR in the trading session of 2020-01-03.
CEO, 10% Cirne Lewis : S – Sale(-$568,428) of NEWR in the trading session of 2019-12-03.
CFO Sachleben Mark : S – Sale+OE(-$154,742) of New Relic, Inc. in the trading session of 2019-11-18.
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