New Relic, Inc. (NEWR) Social Stream
NEW RELIC INC (NEWR) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering NEWR.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-10 | 8 | $150 | $75 | $112.25 | $59.2 | 89.61% |
| 2022-01-18 | 9 | $150 | $75 | $115.333 | $59.2 | 94.82% |
| 2022-01-25 | 9 | $150 | $75 | $117.888 | $59.2 | 99.14% |
| 2022-02-03 | 9 | $150 | $75 | $118.777 | $59.2 | 100.64% |
| 2022-02-09 | 8 | $150 | $75 | $124.125 | $59.2 | 109.67% |
| 2022-02-10 | 8 | $150 | $75 | $121.75 | $59.2 | 105.66% |
| 2022-03-24 | 8 | $150 | $75 | $120.5 | $59.2 | 103.55% |
| 2022-05-02 | 8 | $150 | $80 | $123 | $59.2 | 107.77% |
| 2022-05-13 | 8 | $150 | $45 | $109.857 | $59.2 | 85.57% |
| 2022-05-19 | 8 | $150 | $45 | $81.666 | $59.2 | 37.95% |
| 2022-07-27 | 8 | $131 | $50 | $75.333 | $59.2 | 27.25% |
| 2022-08-05 | 7 | $131 | $50 | $75.333 | $59.2 | 27.25% |
| 2022-08-08 | 7 | $131 | $62 | $79.333 | $59.2 | 34.01% |
| 2022-08-18 | 9 | $131 | $62 | $79.333 | $59.2 | 34.01% |
The Trend in the Analyst Price Target
NEWR's average price target has moved down $39.44 over the prior 28 weeks.
NEWR reports an average of 37.48% for its upside potential over the past 40 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-11-10 | 8 | 150 | 74 | 95.125 | 118.27 | -19.57% |
| 2022-01-18 | 9 | 150 | 75 | 115.333 | 105.99 | 8.81% |
| 2022-07-27 | 7 | 131 | 50 | 75.333 | 60.89 | 23.72% |
| 2022-08-05 | 7 | 131 | 50 | 75.333 | 67.53 | 11.55% |
| 2022-08-08 | 9 | 131 | 62 | 79.333 | 67.17 | 18.11% |
NEWR Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.11 | 4 | 0 | 5 | 0 | 0 | 9 |
The Trend in the Broker Recommendations
NEWR's average broker recommendation rating improved by 0.22 over the prior 35 weeks.
The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for NEWR as an investment opportunity.
- In terms of how NEW RELIC INC fares relative to all US stocks, note that its variance in analysts' estimates is lower than -1295.57% of that group.
- In terms of how NEW RELIC INC fares relative to all US stocks, note that its average analyst price target is higher than 1327.72% of that group.
- NEW RELIC INC's upside potential (average analyst target price relative to current price) is greater than 1024.48% of stocks in the mid market cap category.
- To contextualize these metrics, consider that out of stocks in the mid market cap category, NEW RELIC INC's number of analysts covering the stock is greater than 1105.61% of them.
In terms of price targets and recommendations offered by analysts, the stocks in the Business Services industry with the ratings most similar to NEW RELIC INC are NCNO, NATI, and NABL.
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