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Xero Limited (XROLF) Receives a Buy from UBS

Tipranks - Tipranks - Tue Mar 24, 8:24PM CDT

In a report released today, Lucy Huang from UBS maintained a Buy rating on Xero Limited, with a price target of A$174.00.

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Huang covers the Communication Services sector, focusing on stocks such as CAR Group, REA Group Ltd, and Seek Limited. According to TipRanks, Huang has an average return of 1.8% and a 47.41% success rate on recommended stocks.

In a report released on March 18, Citi also maintained a Buy rating on the stock with a A$144.80 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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