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Stephens disclosed New Relic Inc (NYSE:NEWR), hiking its price target to $55.00 earlier today

Boasting a price of $43.40, New Relic Inc (NYSE:NEWR) traded 0.79% higher on the day. With the last stock price close down 15.29% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. New Relic Inc has recorded a 50-day average of $49.54 and a 200-day moving average of $45.16. 284,916 shares of the stock were exchanged, down from an average trading volume of 429,329

Reporting a potential upside of 0.27%, Stephens upped the price target of New Relic Inc (NYSE:NEWR) to $55.00

See Chart Below

New Relic Inc (NYSE:NEWR)

New Relic Inc has a 52 week low of $27.85 and a 52 week high of $52.27 The company’s market cap is currently $0.

In addition to Stephens reporting its target price, a total of 14 firms have issued a report on NEWR. The one year target is $38.07 with four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.

Brief Synopsis On New Relic Inc (NYSE:NEWR)

New Relic, Inc. (New Relic) is a provider of enterprise software. The Company's cloud-based platform and range of products 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. New Relic offers an integrated suite of products, namely, 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, 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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