Oppenheimer analyst Ittai Kidron raised his price target for New Relic to $125 from $110 after the company delivered another "strong" quarter ahead of expectations, driven by steady execution, broadbased product demand, and increased large deal activity. The analyst sees a long runway for growth as New Relic focuses on driving larger deal sizes and multi-product use with larger customers. He is also positive on New Relic's acquisition of SignifAI, which adds event intelligence and AI/ML capabilities that will strengthen New Relic's ability to provide end-to-end and contextual visibility in a single-platform. Kidron reiterates an Outperform rating on the shares.