RBC Capital analyst Rishi Jaluria maintained a Hold rating on New Relic (NEWR – Research Report) on May 19 and set a price target of $45.00. The company's shares closed last Friday at $46.62, close to its 52-week low of $41.66. According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 0.8% and a 42.0% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies. New Relic has an analyst consensus of Moderate Buy, with a price target consensus of $66.29, which is a 41.1% upside from current levels.
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New Relic (NYSE:NEWR)
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