Advertisement
Singapore markets close in 7 hours 22 minutes

  • Straits Times Index

    3,258.08
    -35.05 (-1.06%)
     

  • Nikkei

    37,893.19
    -566.89 (-1.47%)
     

  • Hang Seng

    17,144.12
    -57.15 (-0.33%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,552.18
    -2,183.03 (-3.27%)
     

  • CMC Crypto 200

    1,393.55
    -30.55 (-2.15%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,331.10
    -7.30 (-0.31%)
     

  • Crude Oil

    82.77
    -0.04 (-0.05%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,571.83
    +0.35 (+0.02%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    0.00 (0.00%)
     

Rosenblatt Securities Sticks to Their Hold Rating for New Relic Inc

Investing.com
·1-min read


Rosenblatt Securities analyst Yun Kim maintained a Hold rating on New Relic (NYSE:NEWR) Inc on Thursday, setting a price target of $65, which is approximately 10.11% above the present share price of $59.03.

Kim expects New Relic Inc to post earnings per share (EPS) of -$0.46 for the second quarter of 2020.

The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in New Relic, with an average price target of $60.67.
The analysts price targets range from a high of $75 to a low of $42.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $153.03 million and a net profit of -$24.22 million. The company's market cap is $3.35 billion.

ADVERTISEMENT

According to TipRanks.com, Rosenblatt Securities analyst Yun Kim is a 5-star analyst with an average return of 13.2% and a 56.1% success rate.

New Relic, Inc. engages in the provision of cloud-based instrumentation and analytics platform that enables users to collect, store, and analyze massive amounts of data in real time. It offers New Relic APM, MOBILE, SYNTHETICS, INFRASTRUCTURE, and INSIGHTS. The company was founded by Lewis Cirne in September 2007 and is headquartered in San Francisco, CA.