Forbes

Up 45% Since March, Is New Relic’s Stock Too High?

Up 45% Since March, Is New Relic’s Stock Too High?

New Relic’s stock has moderate upside left based on its valuation, after it rallied from $40 to $58 since March 23rd compared to the S&P which moved 53%. One of the reasons for the recovery was the Fed’s multi-billion dollar stimulus package announced on March 23rd which lifted market sentiments…

Source: Forbes – Markets
Date: August 28, 2020, 20:56