Xero's Bull Cheered by Positive Melio Outlook -- Market Talk
Dow Jones
Feb 03
0032 GMT - Xero's Melio bill-pay business could hit breakeven six months earlier than RBC analyst Garry Sherriff previously anticipated. The accounting software provider's projection for Melio's earnings to break even on a run-rate basis by 2H FY 2028 forms the basis of what Sherriff sees as a positive update from the New Zealand-based company. He tells clients in a note that he still has questions on the nature of the revenue synergies that Xero anticipates from its recent acquisition of Melio. RBC has a last-published outperform rating and A$155.00 target price on the stock, which is up 2.1% at A$95.66. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 19:32 ET (00:32 GMT)
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