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Xero Limited (XROLF) Gets a Buy from Citi

Tipranks - Tipranks - Wed Mar 18, 11:34PM CDT

Citi analyst Siraj Ahmed maintained a Buy rating on Xero Limited today and set a price target of A$144.80.

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According to TipRanks, Ahmed is an analyst with an average return of -0.3% and a 41.58% success rate. Ahmed covers the Technology sector, focusing on stocks such as Netwealth Group Ltd., Life360 Shs Chess Depository Interests Repr 3 Sh, and Wisetech Global.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xero Limited with a A$157.92 average price target.

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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

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