Online accounting business XRO popped +5.8% on Thursday with 4-month highs only a few cents away – November’s disappointing result looks to have been forgotten as confidence returns to the local growth stocks. The ALU euphoria looks capable of taking XRO well into our $130-140 target area.
- We own XRO in our Active Growth Portfolio, with a break of its 2023 high looking more likely by the day.
MM is long and bullish XRO
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