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Fly News Breaks for February 7, 2019
NEWR
Feb 7, 2019 | 08:37 EDT
DA Davidson analyst Rishi Jaluria raised his price target on New Relic to $125 and kept his Buy rating after its strong Q3 results driven by the "upside in revenue per paid business account" of over $29K - above the consensus of $27.8K. The analyst adds that the company's cross-selling efforts remained strong and maintains his view of New Relic as one of "prime beneficiaries of the ongoing trend of digital transformation".
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