2305 GMT - Xero is likely to enhance its investment into growth areas after its better-than-expected cost performance over its fiscal first half, UBS analyst say in a note. They tell clients that the U.S. could be a focus for investment after the cloud-accounting software provider's six-month operating expenses came in at 71.2% of operating income. Xero is still guiding for a full-year ratio of 73%, they say. The Australia-listed company's cost control and free-cashflow generation are seen as the highlights of its fiscal first half, with strong pricing power another positive. UBS has a buy rating and A$175.00 target price on the stock, which is at A$161.55 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 13, 2024 18:06 ET (23:06 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。