New Relic - NEWR Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $85.67
Forecasted Upside: -1.52%
Number of Analysts: 10
Breakdown:
0 Sell Ratings
10 Hold Ratings
0 Buy Ratings
0 Strong Buy Ratings

^$86.99 As of 11/7/2023 01:00 AM ET

+0 (0.00%)

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Analyst Price Target for NEWR

^$85.67

▼ -1.52% Downside Potential

This price target is based on 10 analysts offering 12 month price targets for New Relic in the last 3 months. The average price target is $85.67, with a high forecast of $87.00 and a low forecast of $75.00. The average price target represents a -1.52% upside from the last price of $86.99.

Current Consensus is Hold

The current consensus among 10 contributing investment analysts is to hold stock in New Relic. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

10/31/2022

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

1/29/2023

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

4/29/2023

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

7/28/2023

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

10/26/2023

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

1/24/2024

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

3/24/2024

0 strong buy ratings
0 buy ratings
10 hold ratings
0 sell ratings

Ratings as of

4/23/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
9/14/2023	DA Davidson	Downgrade	Buy ➝ Neutral	$95.00 ➝ $87.00	Low
8/2/2023	Raymond James	Downgrade	Strong-Buy ➝ Market Perform		Low
8/1/2023	TD Cowen	Boost Target	Market Perform ➝ Market Perform	$73.00 ➝ $87.00	Low
8/1/2023	Wedbush	Reiterated Rating	Neutral ➝ Neutral	$75.00	Low
8/1/2023	BMO Capital Markets	Lower Target	Market Perform ➝ Market Perform	$88.00 ➝ $87.00	Low
8/1/2023	Truist Financial	Boost Target	Hold ➝ Hold	$77.00 ➝ $87.00	Low
8/1/2023	Loop Capital	Boost Target	Hold ➝ Hold	$80.00 ➝ $87.00	Low
8/1/2023	Robert W. Baird	Downgrade	Outperform ➝ Neutral	$92.00 ➝ $87.00	Low
8/1/2023	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$113.00 ➝ $87.00	Low
7/31/2023	Royal Bank of Canada	Downgrade	Outperform ➝ Sector Perform	$95.00 ➝ $87.00	Low
5/26/2023	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$75.00 ➝ $95.00	Low
5/24/2023	Truist Financial	Boost Target	Hold	$65.00 ➝ $77.00	Low
5/24/2023	Robert W. Baird	Boost Target	Outperform	$90.00 ➝ $92.00	Low
5/24/2023	DA Davidson	Lower Target	Buy	$100.00 ➝ $95.00	Low
5/24/2023	Loop Capital	Boost Target		$70.00 ➝ $80.00	Low
4/5/2023	DA Davidson	Initiated Coverage	Buy	$100.00	Low
2/9/2023	Canaccord Genuity Group	Boost Target	Buy	$74.00 ➝ $88.00	Low
2/9/2023	BMO Capital Markets	Boost Target	Market Perform	$62.00 ➝ $88.00	Low
2/8/2023	Truist Financial	Boost Target		$55.00 ➝ $65.00	Low
2/8/2023	Raymond James	Boost Target	Strong-Buy	$75.00 ➝ $90.00	Low
2/8/2023	Royal Bank of Canada	Boost Target	Sector Perform	$55.00 ➝ $75.00	Low
2/8/2023	Credit Suisse Group	Boost Target	Outperform	$78.00 ➝ $90.00	Low
2/8/2023	Wedbush	Boost Target	Neutral	$68.00 ➝ $75.00	Low
2/8/2023	Morgan Stanley	Boost Target	Equal Weight	$67.00 ➝ $80.00	Low
2/8/2023	Cowen	Boost Target	Market Perform	$63.00 ➝ $73.00	Low
2/8/2023	Robert W. Baird	Boost Target	Outperform	$75.00 ➝ $90.00	Low
1/9/2023	Truist Financial	Downgrade	Buy ➝ Hold	$80.00 ➝ $55.00	Low
12/14/2022	Wedbush	Initiated Coverage	Neutral	$68.00	Low
11/15/2022	Cowen	Lower Target		$63.00	Low
11/15/2022	Robert W. Baird	Lower Target		$75.00	Low
11/9/2022	Canaccord Genuity Group	Lower Target	Buy ➝ Buy	$81.00 ➝ $74.00	Low
11/9/2022	BMO Capital Markets	Lower Target	Market Perform	$70.00 ➝ $62.00	Low
11/9/2022	Royal Bank of Canada	Lower Target	Sector Perform	$62.00 ➝ $55.00	Low
10/20/2022	Morgan Stanley	Lower Target	Equal Weight	$70.00 ➝ $67.00	Low
10/3/2022	JPMorgan Chase & Co.	Initiated Coverage	Overweight ➝ Neutral	$150.00 ➝ $57.00	Low
9/23/2022	Credit Suisse Group	Initiated Coverage	Outperform	$78.00	Low
8/8/2022	Robert W. Baird	Boost Target	Outperform	$75.00 ➝ $80.00	Low
7/21/2022	Royal Bank of Canada	Boost Target		$45.00 ➝ $62.00	Low
7/18/2022	Truist Financial	Lower Target	Buy	$85.00 ➝ $80.00	Low
7/11/2022	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$64.00	N/A
7/7/2022	Canaccord Genuity Group	Initiated Coverage	Buy		N/A
5/13/2022	Cowen	Lower Target		$80.00 ➝ $65.00	Low
5/13/2022	Royal Bank of Canada	Lower Target		$90.00 ➝ $45.00	Medium
5/13/2022	BMO Capital Markets	Lower Target		$96.00 ➝ $50.00	Low
5/13/2022	Cowen	Lower Target		$80.00 ➝ $65.00	Medium
5/13/2022	Needham & Company LLC	Downgrade	Buy ➝ Hold		High
5/13/2022	Robert W. Baird	Lower Target	NA	$117.00 ➝ $75.00	High
5/10/2022	Truist Financial	Lower Target		$110.00 ➝ $95.00	High
3/24/2022	Truist Financial	Lower Target	Buy	$120.00 ➝ $110.00	High
3/2/2022	Needham & Company LLC	Lower Target	Buy	$100.00 ➝ $78.00	Low
2/9/2022	Morgan Stanley	Lower Target	Overweight	$150.00 ➝ $138.00	High
2/9/2022	Needham & Company LLC	Lower Target	Buy	$131.00 ➝ $100.00	High
1/25/2022	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$150.00	High
11/9/2021	Truist Financial	Boost Target	Buy	$80.00 ➝ $120.00	High
11/9/2021	Morgan Stanley	Boost Target	Equal Weight	$75.00 ➝ $127.00	High
11/9/2021	Needham & Company LLC	Boost Target	Buy	$84.00 ➝ $131.00	High
11/9/2021	Royal Bank of Canada	Boost Target	Positive ➝ Sector Perform	$74.00 ➝ $112.00	High
11/9/2021	Robert W. Baird	Boost Target	Positive ➝ Outperform	$80.00 ➝ $117.00	High
11/9/2021	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Overweight	$70.00 ➝ $150.00	High
10/14/2021	Royal Bank of Canada	Initiated Coverage	Sector Perform	$74.00	Medium
8/24/2021	Needham & Company LLC	Reiterated Rating	Buy	$84.00	Low
8/5/2021	Morgan Stanley	Boost Target	Equal Weight	$70.00 ➝ $75.00	High
8/4/2021	BMO Capital Markets	Boost Target	Market Perform	$58.00 ➝ $70.00	High
8/4/2021	Needham & Company LLC	Boost Target	Buy	$78.00 ➝ $84.00	High
8/4/2021	Loop Capital	Boost Target	Hold	$55.00 ➝ $72.00	High
7/27/2021	Morgan Stanley	Boost Target	Positive ➝ Equal Weight	$64.00 ➝ $70.00	High
5/14/2021	Loop Capital	Lower Target	Hold	$70.00 ➝ $55.00	Low
5/14/2021	BMO Capital Markets	Lower Target	Market Perform	$71.00 ➝ $58.00	High
5/14/2021	Morgan Stanley	Lower Target	Equal Weight	$71.00 ➝ $64.00	High
4/8/2021	Robert W. Baird	Reiterated Rating	Buy		Low
2/5/2021	Needham & Company LLC	Lower Target	Buy	$82.00 ➝ $78.00	High
2/5/2021	Loop Capital	Boost Target	Positive ➝ Hold	$60.00 ➝ $70.00	High
2/5/2021	BMO Capital Markets	Boost Target	In-Line ➝ Market Perform	$64.00 ➝ $71.00	Medium
2/5/2021	UBS Group	Downgrade	Buy ➝ Neutral	$89.00 ➝ $76.00	Medium
2/5/2021	Raymond James	Downgrade	Strong-Buy ➝ Market Perform		High
2/5/2021	Oppenheimer	Downgrade	Outperform ➝ Market Perform		High
11/23/2020	KeyCorp	Initiated Coverage	Sector Weight ➝ Sector Weight		Low
11/6/2020	Morgan Stanley	Lower Target	Equal Weight	$68.00 ➝ $65.00	High
11/6/2020	BMO Capital Markets	Lower Target	Market Perform	$70.00 ➝ $64.00	High
11/6/2020	Needham & Company LLC	Lower Target	Buy	$77.00 ➝ $72.00	High
11/6/2020	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$77.00 ➝ $59.00	High
10/7/2020	Berenberg Bank	Initiated Coverage	Buy	$85.00	High
9/15/2020	Loop Capital	Initiated Coverage	Hold	$60.00	Medium
8/14/2020	Argus	Downgrade	Buy ➝ Hold		Low
8/5/2020	Morgan Stanley	Lower Target	Equal Weight	$70.00 ➝ $68.00	High
8/5/2020	Rosenblatt Securities	Lower Target	Neutral	$65.00 ➝ $60.00	High
8/5/2020	Raymond James	Lower Target	Strong-Buy	$75.00 ➝ $70.00	High
8/5/2020	Oppenheimer	Reiterated Rating	Buy		High
8/5/2020	Needham & Company LLC	Lower Target	Buy	$79.00 ➝ $77.00	High
8/5/2020	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$72.00 ➝ $61.00	High
8/4/2020	BMO Capital Markets	Boost Target	Market Perform	$70.00 ➝ $78.00	High
7/30/2020	Cowen	Downgrade	Outperform ➝ Market Perform	$72.00	High
7/20/2020	Barclays	Boost Target	Underweight	$42.00 ➝ $56.00	High
6/29/2020	The Goldman Sachs Group	Boost Target		$60.00 ➝ $69.00	Low
6/11/2020	SunTrust Banks	Boost Target	Buy	$75.00 ➝ $80.00	Medium
5/15/2020	BMO Capital Markets	Boost Target	Market Perform	$53.00 ➝ $70.00	High
5/15/2020	UBS Group	Lower Target	Buy	$98.00 ➝ $89.00	Medium
5/15/2020	Deutsche Bank Aktiengesellschaft	Boost Target	Outperform	$65.00 ➝ $70.00	High
5/15/2020	Robert W. Baird	Boost Target	Outperform	$58.00 ➝ $75.00	High
5/15/2020	Cowen	Boost Target	In-Line ➝ Outperform	$70.00 ➝ $75.00	High
5/15/2020	Morgan Stanley	Boost Target	Equal Weight	$50.00 ➝ $70.00	High
5/15/2020	Needham & Company LLC	Boost Target	Positive ➝ Buy	$74.00 ➝ $79.00	High
5/15/2020	Rosenblatt Securities	Boost Target	Neutral	$45.00 ➝ $65.00	High
4/27/2020	Needham & Company LLC	Lower Target	Buy	$108.00 ➝ $74.00	Low
4/19/2020	Rosenblatt Securities	Initiated Coverage	Neutral	$45.00	Medium
4/14/2020	SunTrust Banks	Lower Target	Buy	$85.00 ➝ $75.00	High
4/14/2020	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$50.00	High
4/6/2020	Rosenblatt Securities	Initiated Coverage	Neutral	$45.00	Medium
4/3/2020	Raymond James	Lower Target	Strong-Buy	$86.00 ➝ $56.00	Medium
3/27/2020	The Goldman Sachs Group	Lower Target	Sell	$57.00 ➝ $56.00	High
3/25/2020	Morgan Stanley	Lower Target	Overweight	$83.00 ➝ $50.00	High
3/24/2020	Oppenheimer	Lower Target		$80.00 ➝ $65.00	High
2/5/2020	SunTrust Banks	Reiterated Rating	Buy	$85.00	Medium
2/5/2020	Raymond James	Boost Target	Strong-Buy	$83.00 ➝ $86.00	High
2/5/2020	Wedbush	Downgrade	Outperform ➝ Neutral		High
2/5/2020	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$72.00 ➝ $78.00	High
2/3/2020	Needham & Company LLC	Reiterated Rating	Buy	$110.00	Low
2/3/2020	Raymond James	Upgrade	Market Perform ➝ Strong-Buy	$83.00	Low
1/21/2020	BMO Capital Markets	Reiterated Rating	Outperform	$78.00	Low
1/14/2020	SunTrust Banks	Boost Target	Buy	$80.00 ➝ $85.00	Medium
1/13/2020	UBS Group	Upgrade	Neutral ➝ Buy	$68.00 ➝ $98.00	High
1/10/2020	Barclays	Downgrade	Equal Weight ➝ Underweight	$63.00	High
12/20/2019	Barclays	Boost Target	Equal Weight	$65.00 ➝ $66.00	Low
12/13/2019	DA Davidson	Reiterated Rating	Buy ➝ Positive	$78.00	Low
12/13/2019	Needham & Company LLC	Reiterated Rating	Buy	$110.00	Medium
11/18/2019	Needham & Company LLC	Reiterated Rating	Buy	$111.00	Low
11/6/2019	BMO Capital Markets	Lower Target	Outperform	$71.00 ➝ $68.00	Medium
11/1/2019	Barclays	Set Target	Hold	$66.00	Low
10/15/2019	BMO Capital Markets	Lower Target	Outperform	$73.00 ➝ $71.00	Low
10/11/2019	Oppenheimer	Lower Target	Outperform	$85.00 ➝ $80.00	Medium
10/2/2019	SunTrust Banks	Initiated Coverage	Buy	$80.00	High
9/23/2019	Raymond James	Reiterated Rating	Hold		High
9/23/2019	Cowen	Set Target	Buy	$80.00	High
9/20/2019	Oppenheimer	Lower Target	Outperform	$105.00 ➝ $85.00	Low
9/17/2019	BMO Capital Markets	Set Target	Buy	$73.00	Low
9/17/2019	Cowen	Lower Target	Outperform	$100.00 ➝ $80.00	Low
9/17/2019	Morgan Stanley	Lower Target	Overweight	$84.00 ➝ $80.00	Medium
9/17/2019	Robert W. Baird	Lower Target	Outperform	$84.00 ➝ $77.00	Medium
9/17/2019	UBS Group	Lower Target	Neutral	$73.00 ➝ $62.00	Medium
9/17/2019	Needham & Company LLC	Boost Target	Buy	$114.00 ➝ $120.00	Low
9/16/2019	The Goldman Sachs Group	Lower Target	Sell	$65.00 ➝ $52.00	High
9/16/2019	Deutsche Bank Aktiengesellschaft	Reiterated Rating	Buy	$90.00 ➝ $65.00	High
8/29/2019	DA Davidson	Set Target	Buy	$95.00	Low
8/26/2019	Barclays	Initiated Coverage	Equal Weight	$63.00 ➝ $63.00	High
8/21/2019	Morgan Stanley	Lower Target	Overweight	$104.00 ➝ $84.00	Medium
8/12/2019	Argus	Upgrade	Hold ➝ Buy	$93.00	Low
8/7/2019	UBS Group	Set Target	Hold	$73.00	Low
8/7/2019	KeyCorp	Reiterated Rating	Hold		Low
8/7/2019	Needham & Company LLC	Set Target	Buy	$120.00	Low
8/7/2019	Oppenheimer	Lower Target	Outperform	$125.00 ➝ $109.00	High
8/7/2019	Morgan Stanley	Lower Target	Overweight	$115.00 ➝ $104.00	High
8/7/2019	DA Davidson	Lower Target	Buy	$95.00	High
8/7/2019	BMO Capital Markets	Lower Target	Outperform ➝ Positive	$73.00	High
8/7/2019	Wedbush	Reiterated Rating	Outperform ➝ Outperform	$124.00 ➝ $99.00	High
8/7/2019	Raymond James	Downgrade	Outperform ➝ Market Perform		High
8/7/2019	First Analysis	Downgrade	Strong-Buy ➝ Neutral	$80.00	High
7/19/2019	Wedbush	Reiterated Rating	Outperform	$124.00	Low
7/16/2019	BMO Capital Markets	Reiterated Rating	Outperform ➝ Outperform	$118.00 ➝ $115.00	High
6/7/2019	The Goldman Sachs Group	Initiated Coverage	Sell ➝ Sell	$83.00	High
5/15/2019	Wedbush	Reiterated Rating	Outperform	$124.00	High
5/15/2019	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$129.00 ➝ $131.00	High

(Data available from 4/24/2019 forward)

News Sentiment Rating

0.16 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

5 very positive mentions
5 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

9/26/2023

10 very positive mentions
6 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

10/26/2023

1 very positive mentions
8 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

11/25/2023

5 very positive mentions
3 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

12/25/2023

3 very positive mentions
11 positive mentions
5 negative mentions
2 very negative mentions

Mentions as of

1/24/2024

3 very positive mentions
23 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

2/23/2024

4 very positive mentions
31 positive mentions
3 negative mentions
3 very negative mentions

Mentions as of

3/24/2024

1 very positive mentions
9 positive mentions
4 negative mentions
0 very negative mentions

Mentions as of

4/23/2024

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

New Relic, Inc., a software-as-a-service company, delivers a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based platform, which enables users to collect, store, and analyze telemetry data. The company's platform also provides New Relic Instant Observability, an open-source ecosystem of quickstarts that delivers pre-built integrations, dashboards, and alerts for approximately 450 technologies and frameworks; and supports custom app development through common open-source frameworks, a library of existing applications, and a development environment. It sells its products through direct sales organizations, and online and offline sales in the United States and internationally. New Relic, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Today's Range

Now: $86.99

$86.97

$87.01

50 Day Range

MA: $86.58

$85.43

$86.99

52 Week Range

Now: $86.99

$50.30

$87.01

Volume

4,222,853 shs

Average Volume

1,044,550 shs

Market Capitalization

$6.18 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.84

Frequently Asked Questions

What sell-side analysts currently cover shares of New Relic?: The following sell-side analysts have issued reports on New Relic in the last year: BMO Capital Markets, Credit Suisse Group AG, DA Davidson, Loop Capital, Raymond James, Robert W. Baird, Royal Bank of Canada, StockNews.com, TD Cowen, Truist Financial Co., and Wedbush.
View the latest analyst ratings for NEWR.
What is the current price target for New Relic?: 9 Wall Street analysts have set twelve-month price targets for New Relic in the last year. Their average twelve-month price target is $85.67, suggesting a possible downside of 1.5%. BMO Capital Markets has the highest price target set, predicting NEWR will reach $87.00 in the next twelve months. Wedbush has the lowest price target set, forecasting a price of $75.00 for New Relic in the next year.
View the latest price targets for NEWR.
What is the current consensus analyst rating for New Relic?: New Relic currently has 10 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in NEWR, but not buy more shares or sell existing shares.
View the latest ratings for NEWR.
What other companies compete with New Relic?: Other companies that are similar to New Relic include Qualys, SentinelOne, ZoomInfo Technologies, BILL and Tenable. Learn More about companies similar to New Relic.
How do I contact New Relic's investor relations team?: New Relic's physical mailing address is 188 Spear Street Suite 1000, San Francisco CA, 94105. The software maker's listed phone number is (650) 777-7600 and its investor relations email address is [email protected]. The official website for New Relic is www.newrelic.com. Learn More about contacing New Relic investor relations.

New Relic - NEWR Stock Price Target and Predictions

Analyst Price Target for NEWR

Current Consensus is Hold

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.16 (Hold)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of New Relic?

What is the current price target for New Relic?

What is the current consensus analyst rating for New Relic?

What other companies compete with New Relic?

How do I contact New Relic's investor relations team?