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New Relic Could Gain A Second Wind

September 9th, 2020 · No Comments

  • The company ran into some execution problems as it focused on the introduction of its New Relic One platform last year.
  • Now that these problems seem behind us and the platform could reignite growth, there are headwinds from the pandemic.
  • While the shares aren’t expensive, technically one might want to wait for a confirmed outbreak, as they are hitting important resistance.
  • Longer term, we remain positive on the shares.

Source: New Relic Could Gain A Second Wind (NYSE:NEWR) | Seeking Alpha

Tags: NEWR