New Relic - NEWR Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Relic in the last twelve months. There are currently 8 hold ratings, 4 buy ratings and 1 strong 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.
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13 Wall Street analysts have issued 1-year price objectives for New Relic's stock. Their NEWR share price forecasts range from $57.00 to $90.00. On average, they expect the company's share price to reach $75.21 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
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New Relic's stock was trading at $56.45 at the beginning of the year. Since then, NEWR shares have increased by 35.5% and is now trading at $76.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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New Relic, Inc. (NYSE:NEWR) announced its earnings results on Monday, November, 8th. The software maker reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. The software maker earned $195.70 million during the quarter, compared to the consensus estimate of $182.21 million. New Relic had a negative net margin of 25.24% and a negative trailing twelve-month return on equity of 62.88%. New Relic's revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.68) earnings per share.

New Relic issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $0.40-$0.43 for the period, compared to the consensus estimate of $0.19. The company issued revenue guidance of $923.10 million-$925.10 million, compared to the consensus revenue estimate of $914.92 million.

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 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.40%), Assenagon Asset Management S.A. (0.37%), Gagnon Securities LLC (0.32%), Swiss National Bank (0.21%), New York State Common Retirement Fund (0.21%) and California Public Employees Retirement System (0.14%). Insiders that own company stock include David Barter, David J Henshall, Jana Partners Llc, Kristy Friedrichs, Lewis Cirne, Mark Sachleben, Michael J Christenson, Radhakrishnan Mahendran, Steve Hurn, Thomas J Lloyd and William Staples.
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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 $76.50.

New Relic (NYSE:NEWR) has a market capitalization of $5.23 billion and generates $785.52 million in revenue each year. The software maker earns $-250,400,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis.

The company employs 2,217 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.