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Xero (XRO)

$143.04
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What does Bull and Bear mean?

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Market Matters
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MM is bullish XRO initially targeting $160

OPINION

Xero Ltd (XRO) $143.04

Long term holding XRO looks well positioned to reach our medium-term $160 target area, similarly 10-15% higher. We are very keen on the companies prospects but its corrected more than 30% annually over the last 3-years illustrating that if the stock gets ahead of itself sellers will emerge.

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Xero Ltd (XRO) $133.78

MM has on a number of occasions referred to our preference for value stocks over growth as we approach 2022 however it’s important to reiterate that we’re not saying abandon ship with regard to the likes of Tech & Healthcare, simply that we believe the Banks & Resources will embrace a  rising yield environment more positively. Moving onto one...

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Xero Ltd (XRO) $153.00

MM has remained long and bullish XRO since April 2020 which has clearly held us in good stead. The company has evolved into one of the world’s leading accountancy software businesses and importantly it enjoys both strong growth and gross margins (around 86% in FY21). The stock is undoubtedly priced for ongoing strong performance but its delivering...

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Xero Ltd (XRO) & Appen (APX)

Thirdly, a dip into the volatile IT Sector where high valuation “hot stocks” can fall from grace in the blink of the high e.g. so far in 2021 APX is down 60% while Wisetech (WTC) is up 67%, even Afterpay (APT) is only up 5% after enjoying a takeover bid.

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Xero Ltd (XRO) $152.88

Xero (XRO) has regularly been our “go to” tech stock to illustrate how we see the market unfolding through 2021 and so far its rewarded both our investment and thesis towards it as a market indicator. XRO continues to look very bullish and we anticipate  new all-time highs into Christmas but investors should be mindful that this quality growth stock...

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Xero Ltd (XRO) $150.00

XRO has been MM’s proxy on the tech space for the last year hence todays quick update – we remain bullish targeting fresh all-time highs in excess of $160 however we may consider trimming our 5% holding into such a move after increasing our position size back in June.

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Xero Ltd (XRO) $145.54

On-line accountancy platform is one of MM’s favourite holdings in our Growth Portfolio but all stocks can reach a level where the risk / reward is unattractive e.g. would you buy CBA at $150 although Bells have upgrad

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Xero (XRO) $142.22

It’s hard to imagine a stock putting Xero (XRO) to shame from a performance perspective but that’s exactly what Californian based rival Intuit (INT US) has achieved taking its market cap to almost $200bn, compared to XRO at just $21bn. I ponder why INTU wouldn’t consider following in Squares footsteps by bidding for XRO with a scrip as...

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Xero Ltd (XRO) $137.30

Local tech powerhouse XRO rallied almost 4% yesterday as the on-line accounting business continues with its holding pattern of 2021. For the budding chartists out there this stock is forming a classic flag structure which usually is the precursor for trend continuation, which in this case is up.

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Xero Ltd (XRO) $140.96

MM recently increased our XRO position to 5% after the stock corrected more than 30%, a great example of the volatility which often roll through the IT Sector.

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ACTION

XRO
UPDATED 15/10/2021 17:18
MM is bullish XRO initially targeting $160
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XRO
UPDATED 12/10/2021 17:40
MM remains bullish XRO into 2022
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XRO
UPDATED 24/09/2021 16:12
MM is still bullish XRO initially looking for new all-time highs
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XRO
UPDATED 06/09/2021 08:58
MM remains bullish XRO initial targeting $160
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XRO
UPDATED 24/08/2021 16:44
MM remains long and bullish XRO
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XRO
UPDATED 13/08/2021 08:50
XRO
UPDATED 04/08/2021 08:27
MM is a bullish both INTU and XRO
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XRO
UPDATED 08/07/2021 16:39
MM remains long and bullish XRO
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XRO
UPDATED 22/06/2021 11:55
MM remains bullish XRO looking for another ~15% upside
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XRO
UPDATED 09/06/2021 12:00
MM are adding to XRO in the Flagship Growth Portfolio, allocating a further 2% around $130
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Cloud based online accounting software

Xero (XRO) offers an online accounting system. The software features bank transaction importing, a cashbook, a general ledger, invoicing, accounts receivable, accounts payable, financial reporting, and management of expense claims.

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Xero Ltd (XRO) v Appen Ltd (APX)
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Xero Pty Ltd (XRO)
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Intuit Inc (INTU US) v Xero (XRO)
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