Analysts Shift Gears On New Relic Post-Acquisition: From Outperform To Neutral Ratings And Revised Price Targets
Benzinga
AUGUST 1, 2023
Analysts have mixed reactions to New Relic Inc (NYSE: NEWR ) acquisition by Francisco Partners and TPG Inc (NASDAQ: TPG ). RBC Capital Markets analyst Rishi Jaluria downgraded New Relic to Sector Perform from Outperform at a reduced rating of $87 from $95. The analyst slightly revised estimates for revenues and EPS to $1.025.7
Let's personalize your content