New Relic, Inc. (NEWR) Social Stream
NEW RELIC INC (NEWR) Price Targets From Analysts
Use the tables below to see what analysts covering NEW RELIC INC think about its future price and what recommendations they have for investors and traders.
| 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 | $86.99 | 29.04% |
| 2022-01-18 | 9 | $150 | $75 | $115.333 | $86.99 | 32.58% |
| 2022-01-25 | 9 | $150 | $75 | $117.888 | $86.99 | 35.52% |
| 2022-02-03 | 9 | $150 | $75 | $118.777 | $86.99 | 36.54% |
| 2022-02-09 | 8 | $150 | $75 | $124.125 | $86.99 | 42.69% |
| 2022-02-10 | 8 | $150 | $75 | $121.75 | $86.99 | 39.96% |
| 2022-03-24 | 8 | $150 | $75 | $120.5 | $86.99 | 38.52% |
| 2022-05-02 | 8 | $150 | $80 | $123 | $86.99 | 41.4% |
| 2022-05-13 | 8 | $150 | $45 | $109.857 | $86.99 | 26.29% |
| 2022-05-19 | 7 | $131 | $45 | $73.125 | $86.99 | -15.94% |
| 2022-07-27 | 8 | $131 | $50 | $75.333 | $86.99 | -13.4% |
| 2022-08-05 | 7 | $131 | $50 | $75.333 | $86.99 | -13.4% |
| 2022-08-08 | 7 | $131 | $62 | $79.333 | $86.99 | -8.8% |
| 2022-08-18 | 9 | $131 | $62 | $79.333 | $86.99 | -8.8% |
| 2022-10-12 | 10 | $131 | $57 | $77.1 | $86.99 | -11.37% |
| 2022-10-26 | 10 | $131 | $57 | $76.8 | $86.99 | -11.71% |
| 2022-11-09 | 11 | $80 | $55 | $68.111 | $86.99 | -21.7% |
| 2022-11-10 | 11 | $80 | $55 | $67.888 | $86.99 | -21.96% |
| 2022-12-15 | 12 | $80 | $55 | $67.9 | $86.99 | -21.95% |
| 2023-01-10 | 12 | $80 | $55 | $65.4 | $86.99 | -24.82% |
| 2023-02-08 | 12 | $80 | $55 | $67.1 | $86.99 | -22.86% |
| 2023-02-09 | 12 | $90 | $65 | $79.7 | $86.99 | -8.38% |
| 2023-04-06 | 13 | $100 | $65 | $81.545 | $86.99 | -6.26% |
| 2023-05-24 | 15 | $95 | $73 | $82 | $86.99 | -5.74% |
| 2023-05-25 | 15 | $95 | $73 | $82.166 | $86.99 | -5.55% |
| 2023-05-26 | 15 | $95 | $73 | $83.833 | $86.99 | -3.63% |
| 2023-07-24 | 14 | $95 | $73 | $83.833 | $86.99 | -3.63% |
| 2023-08-01 | 13 | $95 | $73 | $85.727 | $86.99 | -1.45% |
| 2023-08-02 | 13 | $95 | $75 | $86 | $86.99 | -1.14% |
| 2023-10-30 | 13 | $88 | $75 | $85.2 | $86.99 | -2.06% |
The Trend in the Analyst Price Target
Over the past 21 months, NEWR's average price target has gone down $32.69.
NEWR reports an average of 7.7% for its upside potential over the past 51 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2023-05-26 | 15 | 95 | 73 | 83.833 | 72.34 | 15.89% |
| 2023-05-26 | 14 | 95 | 73 | 83.833 | 72.34 | 15.89% |
| 2023-07-24 | 14 | 95 | 73 | 83.833 | 71.64 | 17.02% |
| 2023-09-15 | 13 | 88 | 75 | 85.200 | 85.39 | -0.22% |
| 2023-10-30 | 13 | 88 | 75 | 85.200 | 86.54 | -1.55% |
NEWR Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 13 | 0 | 0 | 13 |
The Trend in the Broker Recommendations
Over the past 43 months, NEWR's average broker recommendation rating worsened by 0.89.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- In terms of how NEW RELIC INC fares relative to all US stocks, note that its upside potential (average analyst target price relative to current price) is higher than 779.06% of that group.
- In the context of stocks in the mid market cap category, NEW RELIC INC's average analyst price target is greater than 3057.95% of them.
- To contextualize these metrics, consider that out of Technology stocks, NEW RELIC INC's variance in analysts' estimates is lower than -1733.79% of them.
- NEW RELIC INC's number of analysts covering the stock is greater than 2637.17% of stocks in the mid market cap category.
Stocks similar to NEW RELIC INC in the Business Services industry regarding analyst recommendations and price targets are QTWO, VRNS, and TWOU.
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