Citi Reaffirms Their Buy Rating on Xero Limited (XROLF)
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on Xero Limited, with a price target of A$210.00.
Claim 50% Off TipRanks Premium
- 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
According to TipRanks, Ahmed is a 4-star analyst with an average return of 5.8% and a 46.98% success rate. Ahmed covers the Technology sector, focusing on stocks such as Xero Limited, Life360 Shs Chess Depository Interests Repr 3 Sh, and Netwealth Group Ltd..
In addition to Citi, Xero Limited also received a Buy from RBC Capital’s Garry Sherriff in a report issued on January 27. However, yesterday, TipRanks – DeepSeek reiterated a Hold rating on Xero Limited (Other OTC: XROLF).
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 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
- Xero Releases 1.26 Million Melio Acquisition Shares From Escrow
