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Xero Ltd (XRO) $141.50

We like the online accounting business XRO, which has resided in our Growth Portfolio since mid-2020, but high-valuation stocks do come in and out of fashion, leading to significant ups and downs in their respective share prices.

  • We have been targeting the $140 area for XRO throughout 2024 and are now considering reducing our position – MM is long XRO in our Active Growth Portfolio.
XRO
MM is long but cautious towards XRO short term
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Xero Ltd (XRO)
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