0309 GMT - Xero's 1H result could include a couple of positive surprises, Jarden analysts tell clients in a note. Already bullish on the cloud-accounting software provider, they think that subscriber growth could be higher and operating-cost guidance could be lower than expected. Jarden's forecast is for the addition of 52,000 subscribers over the six months through September, which includes the removal of 150,000 idle users. Its analysts reckon that operating costs will account for 76.2% of 1H revenue, but say that guidance could be lower than the market anticipates if Xero slows hiring. Jarden raises its target price 4.9% to A$151.00 and keeps an overweight recommendation on the stock, which is down 0.6% at A$150.30. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 29, 2024 23:09 ET (03:09 GMT)
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