New Relic Inc (NEWR) Forecast, Price Target & Analyst Ratings

NYSE:NEWR • US64829B1008

Current stock price

86.99 USD
+0.02 (+0.02%)
At close:
87 USD
+0.01 (+0.01%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for New Relic Inc (NEWR).

Forecast Snapshot

Consensus Price Target

Price Target
$88.03
+ 1.19% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Feb 5, 2024
Period
Q3 / 2024
EPS Estimate
$0.48
Revenue Estimate
265M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
68.18%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$88.03
Upside
+ 1.19%
From current price of $86.99 to mean target of $88.03, Based on 22 analyst forecasts
Low
$75.75
Median
$88.74
High
$96.60

Price Target Revisions

1 Month
0.00%
3 Months
-0.61%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for NEWR. The average price target is 88.03 USD. This implies a price increase of 1.19% is expected in the next year compared to the current price of 86.99.
The average price target has been revised downward by 0.61% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

NEWR Current Analyst RatingNEWR Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

NEWR Historical Analyst RatingsNEWR Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
68.18%
NEWR was analyzed by 22 analysts. The buy percentage consensus is at 68. So analysts seem to be have mildly positive about NEWR.
In the previous month the buy percentage consensus was at a similar level.
NEWR was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-09-15DA DavidsonDowngrade Buy -> Neutral
2023-08-02Raymond JamesDowngrade Strong Buy -> Market Perform
2023-08-01TD CowenMaintains Market Perform -> Market Perform
2023-08-01BMO CapitalMaintains Market Perform -> Market Perform
2023-08-01RBC CapitalDowngrade Outperform -> Sector Perform
2023-08-01Loop CapitalMaintains Hold -> Hold
2023-08-01WedbushReiterate Neutral -> Neutral
2023-08-01Truist SecuritiesMaintains Hold -> Hold
2023-08-01BairdDowngrade Outperform -> Neutral
2023-08-01Credit SuisseDowngrade Outperform -> Neutral
2023-05-26JMP SecuritiesMaintains Market Perform
2023-05-26NeedhamReiterate Hold -> Hold
2023-05-26RBC CapitalUpgrade Sector Perform -> Outperform
2023-05-24DA DavidsonMaintains Buy -> Buy
2023-05-24JMP SecuritiesMaintains Market Perform
2023-05-24RBC CapitalMaintains Sector Perform
2023-05-24Loop CapitalMaintains Hold -> Hold
2023-05-24Truist SecuritiesMaintains Hold -> Hold
2023-05-24BairdMaintains Outperform -> Outperform
2023-05-24Credit SuisseReiterate Outperform -> Outperform
2023-05-18RBC CapitalReiterate Sector Perform -> Sector Perform
2023-04-06DA DavidsonInitiate Buy
2023-02-09BMO CapitalMaintains Market Perform
2023-02-09Canaccord GenuityMaintains Buy
2023-02-08RBC CapitalMaintains Sector Perform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Feb 5, 2024
Period
Q3 / 2024
EPS Estimate
$0.48
Revenue Estimate
265M
Revenue Q2Q
10.53%
EPS Q2Q
50.85%
Number of Analysts
16

Next Earnings Revisions

Revenue (1 Month)
-1.56%
Revenue (3 Months)
-1.53%
EPS (1 Month)
1.98%
EPS (3 Months)
0.86%

Next Earnings Summary

NEWR is expected to report earnings on 2/5/2024. The consensus EPS estimate for the next earnings is 0.48 USD and the consensus revenue estimate is 265.00M USD.
The next earnings revenue estimate has been revised downward by 1.53% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2024 - 2028

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
NEWR revenue by date.NEWR revenue by date.
667.6M
11.36%		785.521M
17.66%		925.626M
17.84%		1.047B
13.11%		1.193B
13.94%		1.449B
21.46%		1.765B
21.81%		1.883B
6.69%
EBITDA
YoY % growth
NEWR ebitda by date.NEWR ebitda by date.
-82.1M
-737.76%		-142.488M
-73.55%		-82.804M
41.89%		210.56M
354.29%		218.9M
3.96%		320.08M
46.22%		N/AN/A
EBIT
YoY % growth
NEWR ebit by date.NEWR ebit by date.
-171.4M
-100.47%		-228.553M
-33.34%		-146.184M
36.04%		156.38M
206.97%		205.32M
31.30%		256.33M
24.84%		360.98M
40.83%		350.88M
-2.80%
Operating Margin
NEWR operating margin by date.NEWR operating margin by date.
-25.67%-29.10%-15.79%14.94%17.21%17.69%20.45%18.63%
EPS
YoY % growth
NEWR eps by date.NEWR eps by date.
-0.33
-150.00%		-0.77
-133.33%		0.61
179.22%		1.75
186.08%		2.10
20.47%		2.35
11.59%		3.34
42.17%		3.56
6.73%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.48
50.85%		0.51
20.58%		0.48
11.31%		0.51
-0.05%		0.58
20.50%		0.60
17.67%
Revenue
Q2Q % growth		265M
10.53%		272.46M
12.36%		271.26M
11.80%		283.21M
16.66%		307.69M
16.11%		315.46M
15.78%
EBITDA
Q2Q % growth		49.631M
126.64%		53.877M
559.69%		52.67M
1,243.51%		54.869M
923.86%		57.811M
16.48%		60.089M
11.53%
EBIT
Q2Q % growth		42.903M
247.48%		46.997M
185.12%		43.522M
484.03%		47.217M
348.69%		56.184M
30.96%		58.049M
23.52%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

NEWR Yearly Revenue VS EstimatesNEWR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
NEWR Yearly EPS VS EstimatesNEWR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
56.67%
EPS Next 5 Year
42.30%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
15.41%
Revenue Next 5 Year
14.84%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
144.50%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

New Relic Inc / NEWR Forecast FAQ

What is the price target for NEWR stock?

22 analysts have analysed NEWR and the average price target is 88.03 USD. This implies a price increase of 1.19% is expected in the next year compared to the current price of 86.99.

When does New Relic Inc (NEWR) report earnings?

New Relic Inc (NEWR) will report earnings on 2024-02-05, after the market close.

What are the consensus estimates for New Relic Inc (NEWR) next earnings?

The consensus EPS estimate for the next earnings of New Relic Inc (NEWR) is 0.48 USD and the consensus revenue estimate is 265.00M USD.

How many analysts have analysed New Relic Inc (NEWR)?

The number of analysts covering New Relic Inc (NEWR) is 22.