New Relic Inc. (NYSE:NEWR) stock Reported Profit Margin of -31.90 percent in Last Year: Is Defensible?

Needham raised the price target for the New Relic Inc. (NYSE:NEWR) stock from ‘a Buy’ to ‘a Hold’. The rating was released on May 13, 2023, according to finviz. The research report from JP Morgan has upgraded the stock from Underweight to Overweight, with a price target set at $150. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on October 14, 2021, to Sector Perform and set the price objective to $74. In their research brief published February 05, 2021, UBS analysts downgraded the New Relic Inc.