Latest news with #XeroLimited
Business Insider
6 days ago
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Pure Storage (PSTG) and Xero Limited (OtherXROLF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Xero Limited (XROLF – Research Report) with bullish sentiments. Confident Investing Starts Here: Pure Storage (PSTG) In a report released today, Jason Ader from William Blair reiterated a Buy rating on Pure Storage. The company's shares closed last Tuesday at $54.87. According to Ader is a 4-star analyst with an average return of 4.6% and a 55.3% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CommVault Systems, and Varonis Systems. Pure Storage has an analyst consensus of Strong Buy, with a price target consensus of $72.24, a 34.1% upside from current levels. In a report issued on May 23, Evercore ISI also maintained a Buy rating on the stock with a $70.00 price target. Xero Limited (XROLF) Jarden analyst Tom Beadle maintained a Buy rating on Xero Limited today and set a price target of A$197.00. The company's shares closed last Tuesday at $116.01, close to its 52-week high of $118.88. According to Beadle is a 2-star analyst with an average return of 0.0% and a 56.1% success rate. Beadle covers the NA sector, focusing on stocks such as Telstra Corporation Limited, TPG Telecom Limited, and REA Group Ltd. Currently, the analyst consensus on Xero Limited is a Strong Buy with an average price target of $132.45, a 14.2% upside from current levels. In a report issued on May 19, Citi also maintained a Buy rating on the stock with a A$210.00 price target.
Business Insider
20-05-2025
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Verint Systems (VRNT), Xero Limited (OtherXROLF) and 8X8 (EGHT)
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Verint Systems (VRNT – Research Report), Xero Limited (XROLF – Research Report) and 8X8 (EGHT – Research Report) with bullish sentiments. Confident Investing Starts Here: Verint Systems (VRNT) In a report issued on May 18, Dan Bergstrom from RBC Capital maintained a Buy rating on Verint Systems, with a price target of $29.00. The company's shares closed last Monday at $17.93, close to its 52-week low of $17.64. According to Bergstrom is a 4-star analyst with an average return of 12.0% and a 60.0% success rate. Bergstrom covers the Technology sector, focusing on stocks such as CSG Systems International, CommVault Systems, and Fortinet. Currently, the analyst consensus on Verint Systems is a Strong Buy with an average price target of $29.00. Xero Limited (XROLF) RBC Capital analyst Garry Sherriff maintained a Buy rating on Xero Limited on May 15 and set a price target of A$210.00. The company's shares closed last Thursday at $111.75. Sherriff has an average return of 20.0% when recommending Xero Limited. According to Sherriff is ranked #1346 out of 9558 analysts. Xero Limited has an analyst consensus of Strong Buy, with a price target consensus of $128.40, implying a 14.9% upside from current levels. In a report issued on May 15, Morgans also upgraded the stock to Buy with a A$215.00 price target. 8X8 (EGHT) Bank of America Securities analyst Michael Funk reiterated a Buy rating on 8X8 yesterday and set a price target of $3.00. The company's shares closed last Monday at $1.80, close to its 52-week low of $1.51. According to Funk is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.0% and a 42.9% success rate. Funk covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Zoom Video Communications, and Weave Communications. The word on The Street in general, suggests a Hold analyst consensus rating for 8X8 with a $2.22 average price target, which is a 26.1% upside from current levels. In a report issued on May 14, Financial also maintained a Buy rating on the stock with a $3.00 price target.
News.com.au
20-05-2025
- Business
- News.com.au
‘Inflation has fallen substantially': ASX jumps on RBA announcement
The Australian sharemarket rose during Tuesday's rating after the Reserve Bank of Australia reduced interest rates to their lowest levels since May 2023. The benchmark ASX 200 index finished 48.20 points or 0.58 per cent higher to 8,343.30. The broader All Ordinaries also rose, up 48.60 points or 0.57 per cent to 8,573.40. The Australian dollar fell on the back of the RBA's rate cut and is now buying 64.18 US cents. Australia's sharemarket extended its early jump after the RBA cut the official cash rate by 25 basis points to 3.85 per cent, moving rates back below the 4 per cent mark for the first time since 2023. While this was widely tipped by markets and economists alike, the RBA governor Michele Bullock said the decision was 'unanimous' while leaving the door open for further rate cuts, citing a promising inflation outlook. 'Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance,' the Board said in its 2.30pm statement. This helped lift eight of the 11 sectors into the green, with information technology, property and telecommunications sectors leading the way. Technology One soared 11.33 per cent to $36.76 while Xero Limited rose 0.46 per cent and WiseTech Global jumped $2.68 per cent to $102.07. Stocklands shares also rose 0.73 per cent to $5.55, while The GPT Group is up 0.85 per cent to $4.72 and Mirvac Group rose 1.78 per cent to $2.29. The major banks also all finished in green. CBA continued its momentum, trading 0.62 per cent higher to $172.43, NAB jumped 1.00 per cent to $37.21, ANZ is up 1.27 per cent to $28.76, Westpac closed 0.41 per cent higher to $31.50 and Macquarie Group climbed 2.01 per cent to $208.09. senior financial market analyst Kyle Rodda said the RBA cut was expected by the market was buoyed by the surprising dovish commentary and forecasts. 'Global uncertainty was written all over the central bank's Statement on Monetary Policy, with growth and inflation forecasts lowered and forecasts for the unemployment rate lifted,' he said. 'Governor Bullock also stated the board tabled a 50 basis point cut at this meeting. 'While slightly ominous for the Australian growth outlook, the news boosted market sentiment, with the cut to trimmed mean inflation forecasts from 2.7 to 2.6 per cent all but signalling the RBA thinks it's close to calling mission accomplished on inflation.' AMP economist Shane Oliver said he now expects the board to cut interest rates three more times by early next year. 'We continue to see further rate cuts ahead as we see economic growth picking up more slowly than the RBA is forecasting, monetary policy remains tight and annual underlying inflation is close to being back at the midpoint of the target range earlier than the RBA was previously expecting,' he wrote in an economic update. In company news Telstra shares rose 2.2 per cent to $4.66 after announcing it was lifting the majority of its NBN and postpaid mobile plans by between $3 to $5. On the flip side, shares in Kogan were among the most heavily traded after the company announced a fall in profitability for its New Zealand business Mighty Ape. Shares fell 8.9 per cent to $4.12 on the announcement.
Business Insider
20-05-2025
- Business
- Business Insider
Goldman Sachs Sticks to Its Buy Rating for Xero Limited (XROLF)
Goldman Sachs analyst Kane Hannan maintained a Buy rating on Xero Limited (XROLF – Research Report) on May 15 and set a price target of A$205.00. The company's shares closed last Thursday at $111.75. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hannan is a 4-star analyst with an average return of 9.4% and a 61.08% success rate. Hannan covers the Technology sector, focusing on stocks such as Nextdc Limited, Wisetech Global, and Xero Limited. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xero Limited with a $128.40 average price target, a 14.90% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a A$210.00 price target. Based on Xero Limited's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $995.87 million and a net profit of $95.09 million. In comparison, last year the company earned a revenue of $793.87 million and had a net profit of $53.7 million
Business Insider
06-05-2025
- Business
- Business Insider
Analysts Are Bullish on These Technology Stocks: Nextdc Limited (NXDCF), Xero Limited (XROLF)
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nextdc Limited (NXDCF – Research Report), Xero Limited (XROLF – Research Report) and Life360 Shs Chess Depository Interests Repr 3 Sh (LIFX – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Nextdc Limited (NXDCF) Morgans analyst Nick Harris maintained a Buy rating on Nextdc Limited today and set a price target of A$18.80. The company's shares closed last Friday at $10.06. Harris has an average return of 7.5% when recommending Nextdc Limited. According to Harris is ranked #6518 out of 9504 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nextdc Limited with a $12.09 average price target. Xero Limited (XROLF) Goldman Sachs analyst Kane Hannan maintained a Buy rating on Xero Limited on May 1 and set a price target of A$201.00. The company's shares closed last Monday at $103.96. According to Hannan is a 4-star analyst with an average return of 9.2% and a 60.9% success rate. Hannan covers the Technology sector, focusing on stocks such as Wisetech Global, Nextdc Limited, and Megaport. Xero Limited has an analyst consensus of Strong Buy, with a price target consensus of $122.10, implying a 17.4% upside from current levels. In a report issued on May 1, Citi also maintained a Buy rating on the stock with a A$198.00 price target. Life360 Shs Chess Depository Interests Repr 3 Sh (LIFX) Bell Potter analyst Chris Savage maintained a Buy rating on Life360 Shs Chess Depository Interests Repr 3 Sh today and set a price target of A$28.15. The company's shares closed last Friday at $13.16. According to Savage is a 3-star analyst with an average return of 1.8% and a 43.8% success rate. Savage covers the Technology sector, focusing on stocks such as Catapult Group International, Integrated Research Limited, and Wisetech Global. Currently, the analyst consensus on Life360 Shs Chess Depository Interests Repr 3 Sh is a Strong Buy with an average price target of $17.91.
