JMP Securities analyst Erik Suppiger maintained a Hold rating on New Relic Inc (NEWR) on February 7. The company’s shares closed on Friday at $103.21.
According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 18.1% and a 63.3% success rate. Suppiger covers the Technology sector, focusing on stocks such as SolarWinds Corporation, Carbonite Inc, and Box Inc.
New Relic Inc has an analyst consensus of Strong Buy, with a price target consensus of $119.90, which is a 16.2% upside from current levels. In a report issued on February 7, UBS also maintained a Hold rating on the stock with a $116 price target.
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The company has a one-year high of $114.78 and a one-year low of $63.52. Currently, New Relic Inc has an average volume of 733.5K.
Based on the recent corporate insider activity of 125 insiders, corporate insider sentiment is negative on the stock.
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New Relic, Inc. engages in the provision of software-as-a-services for digital intelligence products. It allows the users to monitor software and infrastructure performance and measure end user activities through desktop and mobile devices. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.
