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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.