Jefferies Sticks to Their Hold Rating for Xero Limited (XROLF)
In a report released today, Roger Samuel from Jefferies maintained a Hold rating on Xero Limited, with a price target of A$82.70.
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Samuel covers the Communication Services sector, focusing on stocks such as Telstra Corporation Limited, REA Group Ltd, and CAR Group. According to TipRanks, Samuel has an average return of 1.9% and a 49.23% success rate on recommended stocks.
In addition to Jefferies, Xero Limited also received a Hold from TipRanks – xAI’s xAi Software – Application in a report issued today. However, yesterday, TipRanks – OpenAI upgraded Xero Limited (Other OTC: XROLF) to a Buy.
Based on Xero Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of A$1.24 billion and a net profit of A$139.69 million. In comparison, last year the company earned a revenue of A$995.87 million and had a net profit of A$95.09 million
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XROLF in relation to earlier this year.
Read More on XROLF:
Disclaimer & DisclosureReport an Issue
- Xero Issues 65,266 Unquoted Restricted Stock Units Under Employee Incentive Plan
- Xero Issues Investor Briefing with Guidance on Use of Financial and Forward-Looking Information
- Xero Seeks ASX Quotation for New Tranche of Ordinary Shares
- Xero Reports Lapse of Restricted Stock Units and Options
- Xero Limited upgraded to Outperform from Sector Perform at RBC Capital
