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Shawn’s Trade Idea: Buy Xero Ltd (ASX: XRO) ~$76

XRO

In line with the “risk on” attitude washing through US markets, aka the meme stocks, and the strong ~6% gain by rival Intuit Inc (NADSAQ: INTU) on Friday night we believe the risk/reward towards battered local software names, like Xero looks attractive.

  • We are bullish towards Xero from the $75 area  with our first target the $90-91 area.
XRO
Trade Idea: Buy Xero Ltd (XRO) around $76 with stops at $72, around 5% risk
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Xero Ltd (XRO)
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