Cowen & Co. Maintains Outperform on New Relic, Lowers Price Target to $65
Cowen & Co. analyst J. Derrick Wood maintains New Relic (NYSE:NEWR) with a Outperform and lowers the price target from $80 to $65.
Baird Maintains Outperform on New Relic, Lowers Price Target to $75
Baird analyst Rob Oliver maintains New Relic (NYSE:NEWR) with a Outperform and lowers the price target from $117 to $75.
10 Biggest Price Target Changes For Friday
Barclays cut the price target on Avis Budget Group, Inc. (NASDAQ: CAR) from $245 to $223. Avis Budget shares rose 2.3% to $224.98 in pre-market trading.
Morgan Stanley Maintains Overweight on New Relic, Lowers Price Target to $64
Morgan Stanley analyst Sanjit Singh maintains New Relic (NYSE:NEWR) with a Overweight and lowers the price target from $138 to $64.
Needham Downgrades New Relic to Hold
Needham analyst Mike Cikos downgrades New Relic (NYSE:NEWR) from Buy to Hold.
New Relic Stock Slides Post Q4 Results, Misses On Profit Estimate, Announces CFO Transition
New Relic Inc (NYSE: NEWR) reported fourth-quarter revenue growth of 19.2% year-over-year to $205.75 million, beating the consensus of $204.52 million.
New Relic Q4 EPS $(0.24) Misses $(0.21) Estimate, Sales $205.75M Beat $204.52M Estimate
New Relic (NYSE:NEWR) reported quarterly losses of $(0.24) per share which missed the analyst consensus estimate of $(0.21) by 14.29 percent. This is a 11.11 percent increase over losses of $(0.27) per share from the
Stocks That Hit 52-Week Lows On Wednesday
On Wednesday, 807 companies reached new 52-week lows.
Prominent VC Warns Markets Could Fall ‘Quite A Bit More’
After a nice upward move on the day of the Fed rate hike, the market has retreated sharply in the three subsequent sessions. The sell-off is quite done yet, according to Redpoint Ventures.