SUBSCRIBER-ONLY POLL RESULT: Are analysts on the money in lowering their price targets for Xero?

A majority of NBR member subscribers think analysts are correct in lowering their price targets for Xero [NZX: XRO].

Last week, Craigs Investment Partners, Forsyth Barr and Woodward Partners Securities all downgraded their price targets for Xero following the company's operational update.

Craigs lowered its 12-month price target from $18.90 to $18.50; ForBarr from $21.75 to $20.50; and Woodward from $20.00 to $15.22 — 28% below Xero's current trading range.

 

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login