Yes after all Newcastle have become a team that is a threat to other teams, in the Premier League or the Champions League. Their improvement is quite fast, because only a few years from the new owner they can provide something very good, especially in the Premier League. They made good use of their finances to make them what we see today.
It may be true that going further in the Champions League will be more difficult, but that doesn't mean we can underestimate them in this regard, because the possibility that they can do more than what we expect is possible.
The group phase is usually the start of our assessment, we'll see, it also depends on which team they're with.
So far the improvement in the squad reshuffle carried out by Eddie Howe provides a sign that Newcastle United will be able to compete more strongly next season either in the Premier League or in the Champions League. Statistically what they have shown last season gives a big meaning that Newcastle United is no longer a fortune for their progress in the next season but a target they are building to win a trophy.
Indeed, after changing ownership, Newcastle United were able to show a brilliant achievement last season because they were able to close the season in the top 4. For this season Newcastle United are ready to compete in the title race.