Xero share price

2023 - 3 - 9

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Image courtesy of "Rask Media"

The Xero (ASX:XRO) share price is under $80, is that too good to ... (Rask Media)

Xero is one of the biggest ASX tech shares. It offers accounting technology for small and medium sized businesses around the world. The software offering also ...

With the Xero share price down so much, investors can now buy shares at half the price of what it was before. The tricky thing for Xero is that it was valued very highly during 2021 and 2022. The gross profit margin of 87% is incredibly high. That’s one of the main reasons why it still made a net loss after tax of NZ$16 million in HY23, though free cash flow did surge by 145% to NZ$15.5 million. It offers accounting technology for small and medium sized businesses around the world. Does the much lower share price make it a buy?

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Image courtesy of "Motley Fool Australia"

Is the new leaner, meaner Xero stock a buy right now? (Motley Fool Australia)

Is Xero Limited (ASX:XRO) a tech stock to buy following its cost reductions announcement? Here's what this broker is saying...

Overall we continue to see Xero as our top large cap technology pick, with the shift to profitability as a clear inflection point on several key debates: (1) priorities of new CEO in terms of scaling vs. We upgrade FY24-26E EBITDA by +9-17% given the step change in opex, noting that we were +16 to +19% ahead of prior VA consensus. - NZ$179.7 million in FY 2026. - NZ$78.4 million in FY 2024 We lower our FY24-26 revenues by 1 to 3% on lower international sub growth (XRO vacancies are ANZ skewed currently at 80% of open roles vs. - NZ$21.1 million in FY 2023

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