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NVDA   403.60 (+3.63%)
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BABA   78.34 (-3.25%)
AMD   126.10 (-0.73%)
T   15.67 (+1.10%)
F   12.62 (+4.38%)
MU   72.48 (-1.96%)
CGC   0.87 (-0.95%)
GE   102.27 (-0.46%)
DIS   87.46 (-0.94%)
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NYSE:NEWR

New Relic (NEWR) Price Target & Analyst Ratings

$70.50
-1.84 (-2.54%)
(As of 01:27 PM ET)
Compare
Today's Range
$70.02
▼
$74.11
50-Day Range
$68.69
▼
$84.95
52-Week Range
$42.40
▼
$86.00
Volume
983,055 shs
Average Volume
685,317 shs
Market Capitalization
$4.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$81.13
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

New Relic Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 13 Analyst Ratings

Consensus Analyst Price Target

$81.13
15.08% Upside
High Prediction$95.00
Average Prediction$81.13
Low Prediction$57.00
TypeCurrent
5/30/22 to 5/30/23		1 Month Ago
4/30/22 to 4/30/23		3 Months Ago
3/1/22 to 3/1/23		1 Year Ago
5/30/21 to 5/30/22
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$81.13$79.14$77.57$83.30
Predicted Upside15.08% Upside20.87% Upside19.35% Upside23.70% Upside
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NEWR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NEWR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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New Relic Stock vs. The Competition

TypeNew RelicComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.62
2.55
2.48
Consensus RatingModerate BuyBuyHold
Predicted Upside15.30% Upside399.52% Upside197.18% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Historical Target Prices and Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/26/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSector Perform ➝ Outperform$75.00 ➝ $95.00+21.42%
5/24/2023Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold$65.00 ➝ $77.00+0.38%
5/24/2023Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$90.00 ➝ $92.00+11.50%
5/24/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$100.00 ➝ $95.00+15.14%
5/24/2023Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$70.00 ➝ $80.00-3.04%
2/9/2023Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$74.00 ➝ $88.00+15.03%
2/9/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform$62.00 ➝ $88.00+15.03%
2/8/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetStrong-Buy$75.00 ➝ $90.00+39.36%
2/8/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$78.00 ➝ $90.00+39.36%
2/8/2023Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$68.00 ➝ $75.00+16.14%
2/8/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight$67.00 ➝ $80.00+23.88%
2/8/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform$63.00 ➝ $73.00+13.04%
11/15/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$63.00+5.40%
10/3/2022JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOverweight ➝ Neutral$150.00 ➝ $57.00-0.66%
(Data available from 5/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)












NEWR Price Target - Frequently Asked Questions

What is New Relic's consensus rating and price target?

According to the issued ratings of 13 analysts in the last year, the consensus rating for New Relic stock is Moderate Buy based on the current 6 hold ratings, 6 buy ratings and 1 strong buy rating for NEWR. The average twelve-month price prediction for New Relic is $81.13 with a high price target of $95.00 and a low price target of $57.00. Learn more on NEWR's analyst rating history.

Do Wall Street analysts like New Relic more than its competitors?

Analysts like New Relic more than other Computer and Technology companies. The consensus rating for New Relic is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how NEWR compares to other companies.

Is New Relic being upgraded by Wall Street analysts?

Over the previous 90 days, New Relic's stock had 1 upgrade by analysts.

Does New Relic's stock price have much upside?

According to analysts, New Relic's stock has a predicted upside of 16.07% based on their 12-month price targets.

What analysts cover New Relic?

New Relic has been rated by DA Davidson, Loop Capital, Robert W. Baird, Royal Bank of Canada, and Truist Financial in the past 90 days.


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This page (NYSE:NEWR) was last updated on 5/30/2023 by MarketBeat.com Staff

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