New Relic (NEWR) Stock Forecast, Price Target & Predictions

NEWR Stock Forecast

New Relic stock forecast is as follows: an average price target of $86.38 (represents a -0.70% downside from NEWR’s last price of $86.99) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

NEWR Price Target

The average price target for New Relic (NEWR) is $86.38 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $55.00. This represents a potential -0.70% downside from NEWR's last price of $86.99.

NEWR Analyst Ratings

Buy

According to 11 Wall Street analysts, New Relic's rating consensus is 'Buy'. The analyst rating breakdown for NEWR stock is 1 'Strong Buy' (9.09%), 4 'Buy' (36.36%), 4 'Hold' (36.36%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).

New Relic Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 01, 2023	Rishi Jaluria	RBC Capital	$87.00	$84.00	3.58%	0.01%
Feb 08, 2023	-	RBC Capital	$75.00	$79.47	-5.62%	-13.78%
Feb 08, 2023	-	Wedbush	$75.00	$78.47	-4.43%	-13.78%
Feb 08, 2023	-	Morgan Stanley	$80.00	$78.39	2.05%	-8.04%
Feb 08, 2023	-	Cowen & Co.	$73.00	$78.40	-6.89%	-16.08%
Jan 09, 2023	-	Truist Financial	$55.00	$56.45	-2.57%	-36.77%
Dec 15, 2022	-	Wedbush	$68.00	$62.55	8.71%	-21.83%
May 13, 2022	Rob Oliver	Robert W. Baird	$75.00	$47.82	56.84%	-13.78%
May 10, 2022	Joel Fishbein	Truist Financial	$95.00	$51.30	85.19%	9.21%
Feb 08, 2022	Keith Bachman	BMO Capital	$96.00	$109.18	-12.07%	10.36%

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The latest New Relic stock forecast, released on Aug 01, 2023 by Rishi Jaluria from RBC Capital, set a price target of $87.00, which represents a 3.58% increase from the stock price at the time of the forecast ($84.00), and a 0.01% increase from NEWR last price ($86.99).

New Relic Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$86.99	$86.99	$86.99
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of New Relic stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to New Relic's last price of $86.99. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 01, 2023	RBC Capital	Outperform	Sector Perform	Downgrade
May 26, 2023	Jefferies	-	Buy	Upgrade
May 26, 2023	Citigroup	-	Buy	Upgrade
May 26, 2023	OTR Global	-	Positive	Upgrade
May 26, 2023	William Blair	-	Sell	Downgrade
May 26, 2023	Guggenheim	-	Sell	Downgrade
May 26, 2023	Wolfe Research	-	Peer Perform	Downgrade
May 26, 2023	RBC Capital	Sector Perform	Outperform	Upgrade
Feb 09, 2023	Canaccord Genuity	Buy	Buy	Hold
Feb 08, 2023	RBC Capital	Sector Perform	Sector Perform	Hold

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New Relic's last stock rating was published by RBC Capital on Aug 01, 2023. The company Downgrade its NEWR rating from "Outperform" to "Sector Perform".

New Relic Financial Forecast

New Relic Revenue Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
Revenue	-	-	-	-	-	$242.63M	$242.49M	$239.76M	$226.91M	$216.46M	$205.75M	$203.59M	$195.69M	$180.48M	$172.67M	$166.34M	$166.05M	$162.59M	$159.66M	$153.03M	$145.81M	$141.01M	$132.10M	$124.01M	$114.90M	$108.22M	$98.45M	$91.83M	$84.69M	$80.10M
Avg Forecast	$485.51M	$424.82M	$213.39M	$263.92M	$250.58M	$250.42M	$193.99M	$221.53M	$200.43M	$213.17M	$176.36M	$200.49M	$182.21M	$180.48M	$166.78M	$166.34M	$23.72M	$32.52M	$34.21M	$204.04M	$91.13M	$130.87M	$122.60M	$78.32M	$94.79M	$79.36M	$73.10M	$128.56M	$127.03M	$106.80M
High Forecast	$533.00M	$466.38M	$256.07M	$267.93M	$253.57M	$274.92M	$232.79M	$243.20M	$240.52M	$255.80M	$193.61M	$220.10M	$200.03M	$198.14M	$183.09M	$182.61M	$26.04M	$35.70M	$37.56M	$224.00M	$100.05M	$143.68M	$134.59M	$85.98M	$104.06M	$87.12M	$80.25M	$141.13M	$139.45M	$117.24M
Low Forecast	$437.93M	$383.19M	$170.72M	$259.82M	$248.14M	$225.88M	$155.20M	$199.82M	$160.34M	$170.54M	$159.07M	$180.84M	$164.35M	$162.80M	$150.43M	$150.04M	$21.40M	$29.33M	$30.86M	$184.04M	$82.20M	$118.05M	$110.59M	$70.65M	$85.50M	$71.58M	$65.93M	$115.96M	$114.58M	$96.33M
# Analysts	3	3	6	9	12	9	14	6	19	13	11	12	11	10	9	9	8	7	6	5	5	5	5	6	6	6	6	6	12	11
Surprise %	-	-	-	-	-	0.97%	1.25%	1.08%	1.13%	1.02%	1.17%	1.02%	1.07%	1.00%	1.04%	1.00%	7.00%	5.00%	4.67%	0.75%	1.60%	1.08%	1.08%	1.58%	1.21%	1.36%	1.35%	0.71%	0.67%	0.75%

New Relic's average Quarter revenue forecast for Sep 23 based on 12 analysts is $250.58M, with a low forecast of $248.14M, and a high forecast of $253.57M. NEWR's average Quarter revenue forecast represents a 3.28% increase compared to the company's last Quarter revenue of $242.63M (Jun 23).

New Relic EBITDA Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	3	3	6	9	12	9	14	6	19	13	11	12	11	10	9	9	8	7	6	5	5	5	5	6	6	6	6	6	12	11
EBITDA	-	-	-	-	-	$-32.99M	$-36.98M	$-24.21M	$-26.23M	$-36.88M	$-36.37M	$12.74M	$-29.63M	$-54.62M	$-33.05M	$-23.92M	$-18.60M	$-2.27M	$-3.73M	$-1.38M	$9.03M	$6.78M	$4.37M	$9.22M	$10.11M	$9.57M	$-682.00K	$-1.75M	$-8.66M	$-9.95M
Avg Forecast	$-31.79M	$-27.82M	$-36.81M	$12.10M	$-44.13M	$-43.39M	$-33.46M	$11.00M	$-40.12M	$-39.45M	$-30.42M	$10.00M	$-36.47M	$-32.51M	$-46.26M	$-23.92M	$-150.68M	$-6.13M	$-8.94M	$-1.72M	$3.97M	$6.26M	$4.04M	$4.23M	$7.96M	$6.09M	$-445.48K	$-4.26M	$-11.55M	$-12.43M
High Forecast	$-34.90M	$-30.54M	$-29.45M	$14.51M	$-35.31M	$-34.71M	$-26.77M	$13.19M	$-32.10M	$-31.56M	$-24.34M	$12.00M	$-29.18M	$-26.01M	$-37.01M	$-19.14M	$-120.54M	$-4.90M	$-7.15M	$-1.38M	$4.77M	$7.51M	$4.84M	$5.07M	$9.56M	$7.31M	$-356.38K	$-3.41M	$-9.24M	$-9.95M
Low Forecast	$-28.68M	$-25.09M	$-44.17M	$9.68M	$-52.96M	$-52.07M	$-40.15M	$8.80M	$-48.14M	$-47.34M	$-36.50M	$8.00M	$-43.77M	$-39.02M	$-55.52M	$-28.71M	$-180.81M	$-7.35M	$-10.73M	$-2.07M	$3.18M	$5.01M	$3.23M	$3.38M	$6.37M	$4.87M	$-534.58K	$-5.12M	$-13.86M	$-14.92M
Surprise %	-	-	-	-	-	0.76%	1.11%	-2.20%	0.65%	0.94%	1.20%	1.27%	0.81%	1.68%	0.71%	1.00%	0.12%	0.37%	0.42%	0.80%	2.27%	1.08%	1.08%	2.18%	1.27%	1.57%	1.53%	0.41%	0.75%	0.80%

11 analysts predict NEWR's average Quarter EBITDA for Mar 22 to be $-30.42M, with a high of $-24.34M and a low of $-36.50M. This is -338.83% lower than New Relic's previous annual EBITDA (Dec 21) of $12.74M.

New Relic Net Income Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	3	3	6	9	12	9	14	6	19	13	11	12	11	10	9	9	8	7	6	5	5	5	5	6	6	6	6	6	12	11
Net Income	-	-	-	-	-	$-37.43M	$-52.46M	$-26.61M	$-43.51M	$-56.25M	$-56.39M	$-53.59M	$-53.77M	$-78.41M	$-61.68M	$-53.63M	$-47.55M	$-29.76M	$-27.96M	$-27.20M	$-18.61M	$-15.17M	$-16.84M	$-10.10M	$-8.34M	$-5.62M	$-6.97M	$-7.73M	$-14.69M	$-15.93M
Avg Forecast	$108.64M	$94.63M	$-57.57M	$-50.89M	$-80.07M	$-70.61M	$-52.34M	$-46.26M	$-72.79M	$-64.19M	$-47.58M	$-42.05M	$-66.18M	$-46.68M	$-86.35M	$-53.63M	$-385.16M	$-80.34M	$-67.10M	$-33.99M	$-8.19M	$-13.99M	$-15.53M	$-4.63M	$-6.57M	$-3.57M	$-4.55M	$-18.88M	$-19.59M	$-19.92M
High Forecast	$134.63M	$117.26M	$-46.06M	$-40.71M	$-64.06M	$-56.49M	$-41.87M	$-37.01M	$-58.24M	$-51.36M	$-38.07M	$-33.64M	$-52.94M	$-37.34M	$-69.08M	$-42.90M	$-308.13M	$-64.27M	$-53.68M	$-27.20M	$-6.55M	$-11.20M	$-12.43M	$-3.70M	$-5.25M	$-2.86M	$-3.64M	$-15.10M	$-15.67M	$-15.93M
Low Forecast	$99.20M	$86.40M	$-69.09M	$-61.06M	$-96.09M	$-84.74M	$-62.81M	$-55.51M	$-87.35M	$-77.03M	$-57.10M	$-50.46M	$-79.41M	$-56.02M	$-103.62M	$-64.35M	$-462.20M	$-96.41M	$-80.52M	$-40.79M	$-9.83M	$-16.79M	$-18.64M	$-5.56M	$-7.88M	$-4.29M	$-5.46M	$-22.66M	$-23.51M	$-23.90M
Surprise %	-	-	-	-	-	0.53%	1.00%	0.58%	0.60%	0.88%	1.19%	1.27%	0.81%	1.68%	0.71%	1.00%	0.12%	0.37%	0.42%	0.80%	2.27%	1.08%	1.08%	2.18%	1.27%	1.57%	1.53%	0.41%	0.75%	0.80%

New Relic's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NEWR's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

New Relic SG&A Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	3	3	6	9	12	9	14	6	19	13	11	12	11	10	9	9	8	7	6	5	5	5	5	6	6	6	6	6	12	11
SG&A	-	-	-	-	-	$140.87M	$168.78M	$138.28M	$138.69M	$143.45M	$139.14M	$133.34M	$127.08M	$146.38M	$126.25M	$122.64M	$119.18M	$114.57M	$117.76M	$112.45M	$103.44M	$99.95M	$93.69M	$86.16M	$78.02M	$72.20M	$69.95M	$65.99M	$65.57M	$63.30M
Avg Forecast	$336.60M	$294.53M	$144.31M	$126.62M	$189.25M	$201.63M	$131.19M	$115.11M	$172.05M	$183.30M	$119.27M	$104.64M	$156.41M	$87.14M	$115.63M	$122.64M	$16.45M	$22.54M	$23.72M	$140.57M	$45.51M	$92.21M	$86.43M	$39.49M	$61.47M	$45.94M	$45.69M	$89.13M	$87.42M	$79.13M
High Forecast	$369.53M	$323.34M	$173.17M	$151.94M	$227.10M	$241.95M	$157.43M	$138.13M	$206.46M	$219.96M	$143.12M	$125.57M	$187.69M	$104.57M	$126.94M	$147.17M	$18.05M	$24.75M	$26.04M	$168.68M	$54.61M	$110.65M	$103.72M	$47.39M	$73.77M	$55.13M	$54.83M	$97.85M	$104.91M	$94.95M
Low Forecast	$303.61M	$265.66M	$115.45M	$101.30M	$151.40M	$161.30M	$104.95M	$92.09M	$137.64M	$146.64M	$95.41M	$83.72M	$125.13M	$69.71M	$104.29M	$98.11M	$14.83M	$20.33M	$21.39M	$112.45M	$36.41M	$73.77M	$69.15M	$31.59M	$49.18M	$36.76M	$36.55M	$80.39M	$69.94M	$63.30M
Surprise %	-	-	-	-	-	0.70%	1.29%	1.20%	0.81%	0.78%	1.17%	1.27%	0.81%	1.68%	1.09%	1.00%	7.25%	5.08%	4.96%	0.80%	2.27%	1.08%	1.08%	2.18%	1.27%	1.57%	1.53%	0.74%	0.75%	0.80%

New Relic's average Quarter SG&A projection for Sep 23 is $189.25M, based on 12 Wall Street analysts, with a range of $151.40M to $227.10M. The forecast indicates a 34.35% rise compared to NEWR last annual SG&A of $140.87M (Jun 23).

New Relic EPS Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	3	3	6	9	12	9	14	6	19	13	11	12	11	10	9	9	8	7	6	5	5	5	5	6	6	6	6	6	12	11
EPS	-	-	-	-	-	$-0.54	$-0.76	$-0.39	$-0.65	$-0.85	$-0.86	$-0.82	$-0.84	$-1.24	$-0.98	$-0.88	$-0.79	$-0.50	$-0.47	$-0.46	$-0.32	$-0.26	$-0.30	$-0.18	$-0.15	$-0.10	$-0.13	$-0.14	$-0.27	$-0.30
Avg Forecast	$1.54	$1.34	$1.58	$0.46	$0.39	$0.31	$1.43	$0.16	$-0.06	$-0.36	$-0.21	$-0.13	$-0.13	$-0.39	$-0.46	$-0.15	$-0.01	$0.03	$0.03	$0.12	$0.15	$0.08	$0.06	$0.13	$0.12	$0.11	$0.05	$-0.08	$-0.10	$-0.13
High Forecast	$1.91	$1.66	$1.95	$0.57	$0.51	$0.38	$1.77	$0.20	$-0.07	$-0.45	$-0.26	$-0.16	$-0.16	$-0.48	$-0.57	$-0.19	$-0.01	$0.04	$0.04	$0.15	$0.19	$0.10	$0.07	$0.16	$0.15	$0.14	$0.06	$-0.10	$-0.12	$-0.16
Low Forecast	$1.41	$1.23	$1.44	$0.42	$0.33	$0.28	$1.30	$0.15	$-0.05	$-0.33	$-0.19	$-0.12	$-0.12	$-0.36	$-0.42	$-0.14	$-0.01	$0.03	$0.03	$0.11	$0.14	$0.07	$0.05	$0.12	$0.11	$0.10	$0.05	$-0.07	$-0.09	$-0.12
Surprise %	-	-	-	-	-	-1.74%	-0.53%	-2.44%	10.83%	2.36%	4.10%	6.31%	6.46%	3.18%	2.13%	5.87%	92.29%	-14.68%	-13.87%	-3.83%	-2.13%	-3.25%	-5.00%	-1.38%	-1.25%	-0.91%	-2.60%	1.75%	2.70%	2.31%

According to undefined Wall Street analysts, New Relic's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NEWR previous annual EPS of $NaN (undefined).

New Relic Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
STNE	StoneCo	$9.28	$24.83	167.56%	Buy
PAGS	PagSeguro Digital	$7.56	$16.81	122.35%	Buy
PATH	UiPath	$12.76	$25.43	99.29%	Hold
OKTA	Okta	$74.51	$116.97	56.99%	Hold
ZS	Zscaler	$204.36	$233.41	14.22%	Buy
VMW	VMware	$142.48	$149.13	4.67%	Hold
DLO	DLocal	$10.80	$11.20	3.70%	Hold
NEWR	New Relic	$86.99	$86.38	-0.70%	Buy
NTNX	Nutanix	$68.44	$63.23	-7.61%	Buy
CRWD	CrowdStrike	$353.29	$321.14	-9.10%	Buy
PANW	Palo Alto Networks	$388.06	$323.26	-16.70%	Buy

NEWR Forecast FAQ

Is New Relic a good buy?

Yes, according to 11 Wall Street analysts, New Relic (NEWR) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 4 'Buy' recommendations, accounting for 45.45% of NEWR's total ratings.

What is NEWR's price target?

New Relic (NEWR) average price target is $86.38 with a range of $55 to $150, implying a -0.70% from its last price of $86.99. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will New Relic stock go up soon?

According to Wall Street analysts' prediction for NEWR stock, the company can go down by -0.70% (from the last price of $86.99 to the average price target of $86.38), up by 72.43% based on the highest stock price target, and down by -36.77% based on the lowest stock price target.

Can New Relic stock reach $130?

NEWR's highest twelve months analyst stock price target of $150 supports the claim that New Relic can reach $130 in the near future.

What are New Relic's analysts' financial forecasts?

NEWR's analysts financial forecasts for the fiscal year (Mar 2024) are as follows: average revenue is $978.32M (high $1.05B, low $904.55M), average EBITDA is $-112M (high $-84.951M, low $-140M), average net income is $-259M (high $-207M, low $-311M), average SG&A $661.81M (high $794.17M, low $529.45M), and average EPS is $2.74 (high $3.42, low $2.47).

Did the NEWR's actual financial results beat the analysts' financial forecasts?

Based on New Relic's last annual report (Mar 2023), the company's revenue was $925.63M, beating the average analysts forecast of $829.13M by 11.64%. Apple's EBITDA was $-108M, beating the average prediction of $-102M by 5.46%. The company's net income was $-179M, missing the average estimation of $-236M by -24.09%. Apple's SG&A was $589.19M, missing the average forecast of $601.65M by -2.07%. Lastly, the company's EPS was $-2.64, missing the average prediction of $1.17 by -325.85%. In terms of the last quarterly report (Jun 2023), New Relic's revenue was $242.63M, missing the average analysts' forecast of $250.42M by -3.11%. The company's EBITDA was $-32.99M, missing the average prediction of $-43.392M by -23.97%. New Relic's net income was $-37.431M, missing the average estimation of $-70.614M by -46.99%. The company's SG&A was $140.87M, missing the average forecast of $201.63M by -30.13%. Lastly, the company's EPS was $-0.54, missing the average prediction of $0.31 by -274.19%