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NYSE: NEWR
New Relic Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for NEWR

Based on 5 analysts offering 12 month price targets for New Relic Inc.
Min Forecast
$76.00-26.8%
Avg Forecast
$119.20+14.81%
Max Forecast
$150.00+44.48%

Should I buy or sell NEWR stock?

Based on 7 analysts offering ratings for New Relic Inc.
Buy
Strong Buy
1 analysts 14.29%
Buy
1 analysts 14.29%
Hold
5 analysts 71.43%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

NEWR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 15%
86
HoldMaintains$127.00+22.33%2021-11-09
JP Morgan
Bottom 1%
1
Strong BuyUpgrades$150.00+44.48%2021-11-09
RBC Capital
Top 50%
51
HoldMaintains$112.00+7.88%2021-11-09
Needham
Top 2%
99
BuyMaintains$131.00+26.18%2021-11-09
Anonymous
Morgan Stanley
HoldMaintains$75.00-27.76%2021-08-05
UBS
Top 18%
83
HoldDowngrades$76.00-26.80%2021-02-05
Raymond James
Top 29%
72
HoldDowngradesN/AN/A2021-02-05
Oppenheimer
Top 14%
87
HoldDowngradesN/AN/A2021-02-05

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Forecast return on equity

Is NEWR forecast to generate an efficient return?
Company
-42.09%
Industry
-27.53%
Market
37.5%
NEWR's Return on Equity is forecast to be low in 3 years (-42.09%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is NEWR forecast to generate an efficient return on assets?
Company
-11.18%
Industry
15.76%
NEWR is forecast to generate lower Return on Assets (-11.18%) than the US Software - Infrastructure industry average (15.76%)
Forecast

NEWR earnings per share forecast

What is NEWR's earnings per share in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
-$3.27-17.22%
Avg 2 year Forecast
-$2.05-48.1%
Avg 3 year Forecast
-$2.20-44.3%

NEWR revenue forecast

What is NEWR's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$780.8M+9.17%
Avg 2 year Forecast
$905.0M+26.54%
Avg 3 year Forecast
$1.1B+49.45%
NEWR's revenue is forecast to grow at a rate of 14.03% per year, which is not exceptional
Forecast

NEWR revenue growth forecast

How is NEWR forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
14.03%
Industry
12.13%
Market
10.08%
NEWR's revenues are forecast to grow faster (14.03% per year) than the US Software - Infrastructure industry average (12.13%)
Forecast
NEWR's revenues are forecast to grow faster (14.03% per year) than the US market average (10.08%)
Forecast

New Relic Stock Forecast FAQ

Is New Relic Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: NEWR) stock is to Buy NEWR stock.

Out of 7 analysts, 1 (14.29%) are recommending NEWR as a Strong Buy, 1 (14.29%) are recommending NEWR as a Buy, 5 (71.43%) are recommending NEWR as a Hold, 0 (0%) are recommending NEWR as a Sell, and 0 (0%) are recommending NEWR as a Strong Sell.

What is NEWR's earnings growth forecast for 2022-2024?

(NYSE: NEWR) New Relic's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 4.82%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

New Relic's earnings in 2021 is -$247,486,000.On average, 2 Wall Street analysts forecast NEWR's earnings for 2022 to be $-213,896,266, with the lowest NEWR earnings forecast at $-260,992,691, and the highest NEWR earnings forecast at $-166,799,840. On average, 2 Wall Street analysts forecast NEWR's earnings for 2023 to be $-134,093,989, with the lowest NEWR earnings forecast at $-172,686,893, and the highest NEWR earnings forecast at $-94,846,968.

In 2024, NEWR is forecast to generate $-143,905,744 in earnings, with the lowest earnings forecast at $-143,905,744 and the highest earnings forecast at $-143,905,744.

What is NEWR's revenue growth forecast for 2022-2024?

(NYSE: NEWR) New Relic's forecast annual revenue growth rate of 14.03% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 12.13%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.08%.

New Relic's revenue in 2021 is $715,187,000.On average, 4 Wall Street analysts forecast NEWR's revenue for 2022 to be $51,070,186,337, with the lowest NEWR revenue forecast at $51,014,586,390, and the highest NEWR revenue forecast at $51,099,621,602. On average, 4 Wall Street analysts forecast NEWR's revenue for 2023 to be $59,198,898,544, with the lowest NEWR revenue forecast at $57,496,886,058, and the highest NEWR revenue forecast at $60,372,384,478.

In 2024, NEWR is forecast to generate $69,916,148,035 in revenue, with the lowest revenue forecast at $68,002,005,399 and the highest revenue forecast at $72,445,422,316.

What is NEWR's forecast return on assets (ROA) for 2022-2024?

(NYSE: NEWR) forecast ROA is -11.18%, which is lower than the forecast US Software - Infrastructure industry average of 15.76%.

What is NEWR's Price Target?

According to 5 Wall Street analysts that have issued a 1 year NEWR price target, the average NEWR price target is $119.20, with the highest NEWR stock price forecast at $150.00 and the lowest NEWR stock price forecast at $76.00.

On average, Wall Street analysts predict that New Relic's share price could stay at $119.20 by Nov 9, 2022. The average New Relic stock price prediction forecasts a potential downside of N/A from the current NEWR share price of $103.82.

What is NEWR's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: NEWR) New Relic's current Earnings Per Share (EPS) is -$3.95. On average, analysts forecast that NEWR's EPS will be $-3.27 for 2022, with the lowest EPS forecast at $-3.99, and the highest EPS forecast at $-2.55. On average, analysts forecast that NEWR's EPS will be $-2.05 for 2023, with the lowest EPS forecast at $-2.64, and the highest EPS forecast at $-1.45. In 2024, NEWR's EPS is forecast to hit $-2.20 (min: $-2.20, max: $-2.20).

What is NEWR's forecast return on equity (ROE) for 2022-2024?

(NYSE: NEWR) forecast ROE is -42.09%, which is considered weak.
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