Xero's Price Rises Suggest Confidence to Bull -- Market Talk

Dow Jones
05/04

0410 GMT - Xero's bull at Citi reckons that the accounting-software provider's latest Australian price rises suggest it is confident in its market position. Analyst Siraj Ahmed acknowledges that customer churn could rise slightly given the increase for Xero's so-called Ignite plan, but still views the move positively. He tells clients in a note that he expects Xero to grow fiscal 2027 average revenue per user in Australia by 5% in constant currency terms. Ahmed thinks Xero could beat the consensus forecast of an 11% rise in New Zealand dollar terms. Xero reports in New Zealand dollars, which has declined in value against its Australian counterpart. Citi has a last-published buy rating and A$112.65 target price on the stock, which is up 3.3% at A$83.26. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 04, 2026 00:10 ET (04:10 GMT)

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