Xero Ltd
XRO: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$33.00 | Yslwcx | Zhxcvctwn |
Xero FVE Raised to AUD 60 per Share on Improved Cost Discipline
We increase narrow-moat Xero's fair value estimate by 11% to AUD 60 per share with its new plan to reduce costs and focus on disciplined growth. Our fair value increase reflects a reduction in our ongoing cost assumptions, specifically for product design and development.