BUZZ - Xero shares rise on ASX, as Citi expects its first-half results to exceed expectations
路透社2026/10/20 00:06Latest Updates
October 19 - ** Xero (XRO.AX), listed on the Australian Securities Exchange, saw its share price rise as much as 4.8% to AUD 63.230, reaching its highest level since September 18
** Citigroup reiterated its focus on positive catalysts for Xero ahead of the company's first half fiscal year 2027 results, expecting strong revenue growth and improved profit margins in fiscal year 2027, driven by cost control
** Citigroup maintained a "Buy" rating on Xero with a target price of AUD 91.55
** The bank stated that market concerns about Xero's growth in the US are overstated and will not affect its short-term growth momentum in the region
** The brokerage forecasts Xero's first half fiscal year 2027 net profit after tax (NPAT) at AUD 60 million (USD 41.86 million), approximately 7% higher than the latest consensus estimate after recent market downgrades
** According to data compiled by London Stock Exchange Group (LSEG), 11 out of 13 analysts rated the stock "Buy" or above, while 2 rated it "Hold", and the median target price was AUD 118.50
** So far this year, the stock has fallen by 46% in total, including the day's price movement
(1 USD = 1.4333 AUD)
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