CFRA Downgrades New Relic (NEWR) to Hold
Tweet
Share
E-mailGet Alerts NEWR Hot Sheet
Price: $86.99 --0%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Join SI Premium – FREE
CFRA downgraded New Relic (NYSE: NEWR) from Strong Buy to Hold with a price target of $96.00 (from $168.00).
The analyst commented, "... our view of NEWR "emerging out of the 'trough' of a business model transformation" was clearly premature, with an FY 3Q21 EPS miss and puzzlingly pessimistic EPS guidance."
For an analyst ratings summary and ratings history on New Relic click here. For more ratings news on New Relic click here.
Shares of New Relic closed at $109.18 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natera (NTRA) PT Raised to $270 at BTIG
- Constellation Brands (STZ) PT Lowered to $157 at Jefferies
- United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
