0341 GMT - Cloud-accounting software provider Xero remains a key pick among Australia-listed tech and entertainment stocks at Goldman Sachs despite risk that its 2025 margins fall short of analysts' expectations. GS analysts see a step-up in U.S. investment posing some risk to short-term margins, but tell clients in a note that they are increasingly positive on this opportunity behind the expenditure. They are positive on Xero's outlook for the current year, saying that accelerating product development and release is supporting subscriber and revenue-per-user growth both domestically and internationally. GS has a buy rating and A$201.00 target price on the stock, which is up 1.9% A$175.86. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 22:41 ET (03:41 GMT)
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