New Relic, Inc. (NEWR)
Nov 8, 2023 - NEWR was delisted (reason: acquired by Francisco Partners and TPG)
86.99
+0.02 (0.02%)
Last trade price
New Relic Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for New Relic stock had an average target of 85.36, with a low estimate of 75 and a high estimate of 88.
Analyst Consensus: Hold
* Price targets were last updated on Sep 15, 2023.
Analyst Ratings
The average analyst rating for New Relic stock from 14 stock analysts was "Hold". This means that analysts believed this stock was likely to perform similarly to the overall market.
Recommendation Trends
| Rating | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 | Oct '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 1 | 1 |
| Buy | 3 | 3 | 3 | 0 | 0 | 0 |
| Hold | 8 | 8 | 8 | 12 | 13 | 13 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $95 → $87 | Strong Buy → Hold | Downgrades | $95 → $87 | +0.01% | Sep 15, 2023 |
| Raymond James | Raymond James | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Aug 2, 2023 |
| Wedbush | Wedbush | Hold Reiterates $75 | Hold | Reiterates | $75 | -13.78% | Aug 1, 2023 |
| Truist Securities | Truist Securities | Hold Maintains $77 → $87 | Hold | Maintains | $77 → $87 | +0.01% | Aug 1, 2023 |
| TD Cowen | TD Cowen | Hold Maintains $73 → $87 | Hold | Maintains | $73 → $87 | +0.01% | Aug 1, 2023 |
Financial Forecast
Revenue This Year
1.05B
from 925.63M
Increased by 13.11%
Revenue Next Year
1.19B
from 1.05B
Increased by 13.94%
EPS This Year
1.75
from -2.67
EPS Next Year
2.10
from 1.75
Increased by 20.47%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 1.1B | 1.3B | 1.5B | 1.8B |
| Avg | 1.0B | 1.2B | 1.4B | 1.8B |
| Low | 1.0B | 1.1B | 1.4B | 1.7B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 17.5% | 20.2% | 25.8% | 25.4% |
| Avg | 13.1% | 13.9% | 21.5% | 21.8% |
| Low | 8.1% | 6.6% | 16.0% | 17.0% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 2.21 | 2.42 | 2.42 | 3.43 |
| Avg | 1.75 | 2.10 | 2.35 | 3.34 |
| Low | 1.46 | 1.74 | 2.25 | 3.20 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | - | 38.4% | 14.9% | 46.4% |
| Avg | - | 20.5% | 11.6% | 42.2% |
| Low | - | -0.0% | 7.2% | 36.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.