2336 GMT - Xero keeps its bull at Goldman Sachs on what analyst Kane Hannan sees as the Australia-listed company's strong positioning within a competitive cloud-accounting industry. Hannan reckons that the pricing and functionality of the company's so-called Xero Simple plans will increase its benefit from tax digitization in the U.K. In the U.S., he sees the prospect of payments growth from Xero's synchronization with Bill.com, as well as benefits from a deepened partnership with payroll company Gusto. GS keeps a buy rating and A$201.00 target price on the stock, which is down 0.4% at A$172.24. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 18:36 ET (23:36 GMT)
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