Live Stock Coverage: Is Buying New Relic Inc Here a Winning Strategy?

Live Stock Coverage: Is Buying New Relic Inc Here a Winning Strategy?

The stock of New Relic Inc (NYSE:NEWR) is a huge mover today! About 829,648 shares traded hands or 167.78% up from the average. New Relic Inc (NYSE:NEWR) has risen 27.19% since April 5, 2016 and is uptrending. It has outperformed by 25.24% the S&P500.
The move comes after 9 months positive chart setup for the $1.64 billion company. It was reported on Nov, 7 by Barchart.com. We have $54.84 PT which if reached, will make NYSE:NEWR worth $967.60M more.

New Relic Inc (NYSE:NEWR) Ratings Coverage

Out of 9 analysts covering New Relic Inc (NYSE:NEWR), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. New Relic Inc has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Pacific Crest initiated it with “Overweight” rating and $47 target price in Monday, September 21 report. The rating was initiated by Guggenheim with “Buy” on Tuesday, December 15. DA Davidson upgraded it to “Buy” rating and $43 target price in Wednesday, August 12 report. The rating was initiated by Needham on Tuesday, November 17 with “Buy”. The stock of New Relic Inc (NYSE:NEWR) has “Overweight” rating given on Wednesday, September 9 by First Analysis. The stock of New Relic Inc (NYSE:NEWR) has “Overweight” rating given on Thursday, September 10 by Morgan Stanley. The stock of New Relic Inc (NYSE:NEWR) earned “Outperform” rating by Cowen & Co on Friday, June 24. The stock has “Neutral” rating given by Robert W. Baird on Friday, May 13. Oppenheimer initiated New Relic Inc (NYSE:NEWR) on Thursday, September 10 with “Outperform” rating. The rating was initiated by Goldman Sachs on Friday, December 11 with “Neutral”.

According to Zacks Investment Research, “New Relic, Inc. is a software analytics company. The Company offers solution which includes application development, production monitoring, real-time analytics, mobile application management and digital transformation. Its products include new relic APM, new relic mobile, new relic insights, new relic services, new relic browser and new relic platform. New Relic, Inc. is based in San Francisco, United States.”

More recent New Relic Inc (NYSE:NEWR) news were published by: Fool.com which released: “Why New Relic Inc Shares Plummeted on Friday” on February 05, 2016. Also Prnewswire.com published the news titled: “New Relic Helps Leading Retailers Prepare for and Thrive During Their “Black …” on October 04, 2016. Businesswire.com‘s news article titled: “New Relic Recognized as a Leader in Gartner’s Magic Quadrant for Application …” with publication date: December 18, 2015 was also an interesting one.

NEWR Company Profile

New Relic, Inc. (New Relic), incorporated on October 5, 2007, is a well-known provider of enterprise software. The Company’s cloud platform and range of products (known as New Relic Software Analytics Cloud) enable organizations to collect, store and analyze software data in real time. The Company’s New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform. The Company’s products for technology users focus on software performance management and monitoring. New Relic offers an integrated suite of products, which include New Relic APM for application performance management; New Relic Mobile for mobile application performance management; New Relic Servers for server monitoring for cloud and data centers; New Relic Browser for end user experience monitoring and performance monitoring; New Relic Synthetics for software testing through simulated usage; New Relic Plugins, which are plugins to extend its functionality into other applications; New Relic Alerts for policy management and delivering alerts across entire suite of products, and New Relic Insights for real-time big data analytics for business managers.

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