2335 GMT - Xero's bulls at Goldman Sachs are looking for the cloud-accounting software provider to report an 18% rise in average revenue per user at next week's first-half results announcement. They expect growth to come from the Australia-listed company's previously announced plan repricing and the retirement of inactive accounts. They tell clients in a note that they expect September-half revenue of NZ$1.025 billion. That's up 28% on a year earlier and higher than the average analyst forecast of NZ$998 million. Goldman Sachs has a buy rating and A$201.00 target price on the stock, which is down 1.5% at A$147.99. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 04, 2024 18:35 ET (23:35 GMT)
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