New Relic (NEWR) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 13 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NEWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEWR, but not buy additional shares or sell existing shares.
View NEWR analyst ratings or view top-rated stocks.

14 Wall Street analysts have issued twelve-month price targets for New Relic's stock. Their NEWR share price forecasts range from $57.00 to $90.00. On average, they predict the company's share price to reach $81.47 in the next twelve months. This suggests that the stock has a possible downside of 4.7%.
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New Relic's stock was trading at $56.45 at the beginning of 2023. Since then, NEWR stock has increased by 51.4% and is now trading at $85.47.
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New Relic saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,780,000 shares, an increase of 63.3% from the July 31st total of 1,090,000 shares. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 1.3 days.
View New Relic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our NEWR earnings forecast.

New Relic, Inc. (NYSE:NEWR) issued its earnings results on Monday, July, 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.22. The software maker had revenue of $242.63 million for the quarter, compared to the consensus estimate of $239.13 million. New Relic had a negative net margin of 17.59% and a negative trailing twelve-month return on equity of 20.28%.

ETFs with the largest weight of New Relic (NYSE:NEWR) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco Next Gen Connectivity ETF (PXQ), Goldman Sachs Hedge Industry VIP ETF (GVIP), ROBO Global Artificial Intelligence ETF (THNQ), Fidelity Cloud Computing ETF (FCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES) and LeaderShares Activist Leaders ETF (ACTV).

441 employees have rated New Relic Chief Executive Officer Lew Cirne on Glassdoor.com. Lew Cirne has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Relic investors own include NVIDIA (NVDA), Adobe (ADBE), Block (SQ), PayPal (PYPL), Okta (OKTA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Trade Desk (TTD) and Walt Disney (DIS).

(NEWR) raised $95 million in an initial public offering (IPO) on Friday, December 12th 2014. The company issued 5,000,000 shares at a price of $18.00-$20.00 per share. Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Allen & Company, UBS Securities, JMP Securities and Raymond James were co-managers.

New Relic trades on the New York Stock Exchange (NYSE) under the ticker symbol "NEWR."

New Relic's stock is owned by a number of retail and institutional investors. Top institutional investors include HMI Capital Management L.P. (7.21%), BlackRock Inc. (4.69%), Clearbridge Investments LLC (2.84%), Champlain Investment Partners LLC (2.83%), Senvest Management LLC (2.44%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.39%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Dodds, Mark Sachleben, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd, Thomas J Lloyd and William Staples.
View institutional ownership trends.

Shares of NEWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NEWR stock can currently be purchased for approximately $85.47.

New Relic (NYSE:NEWR) has a market capitalization of $6.00 billion and generates $925.63 million in revenue each year. The software maker earns $-180,250,000.00 in net income (profit) each year or ($2.45) on an earnings per share basis.

The company employs 2,663 workers across the globe.

New Relic's mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The official website for the company is www.newrelic.com. The software maker can be reached via phone at (650) 777-7600, via email at ir@newrelic.com, or via fax at 604-601-8279.