0337 GMT - Xero's record organic subscriber growth in North America supports the cloud-accounting software provider's decision to increase its focus on the U.S. market, its bulls at Goldman Sachs say. They write in a note that the investment makes sense, pointing out that growth in the last fiscal year came despite a subdued performance in Canada. They see reason to be confident in Xero's fiscal 2026 revenue guidance, and like the acceleration in Xero's revenue from payments. GS lifts Ebit forecasts for the next two fiscal years to reflect stronger revenue trends, raising its target price 2% to A$205.00. GS keeps a buy rating on the stock, which is down 0.2% at A$181.69. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 23:37 ET (03:37 GMT)
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