- The increasing strategic importance of digitalization is a powerful tailwind for the company.
- Its SaaS business model enjoys huge gross margins and gives it plenty of opportunities for up-selling.
- There are some negatives, though, there has been, and will be, significant dilution and we see limited room for valuation multiple expansion.
Source: New Relic Has Powerful Tailwinds – New Relic, Inc. (NYSE:NEWR) | Seeking Alpha