Xero May Need Several Clear Data Points to Beat Back Bears

Dow Jones

Jul 14

0039 GMT - Accounting-software provider Xero is downgraded to accumulate, from buy, by Morgans as it weighs the impact of higher interest rates on tech stocks. "We now apply a 20% discount to our valuation and set our target price at A$85.00/share, from A$111.00/share," Morgans says. This discount reflects a view that it could take time to see the boost to Xero's value from the Melio acquisition and how the company can benefit from AI, rather than be disrupted by it, Morgans says. It's also alert to the potential for more interest-rate rises in the U.S. and Australia. "We appreciate it is challenging for management to quickly subjugate the bear points and may require a number of clear data points," Morgans says. Xero falls 0.5% to A$69.86. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 13, 2026 20:39 ET (00:39 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2651518128"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2651518128\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2651518128?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-14 08:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651518128","market":"nz","top_or_hot":-1,"title":"Xero May Need Several Clear Data Points to Beat Back Bears","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0039 GMT - Accounting-software provider Xero is downgraded to accumulate, from buy, by Morgans as it weighs the impact of higher interest rates on tech stocks. \"We now apply a 20% discount to our valuation and set our target price at A$85.00/share, from A$111.00/share,\" Morgans says. This discount reflects a view that it could take time to see the boost to Xero's value from the Melio acquisition and how the company can benefit from AI, rather than be disrupted by it, Morgans says. It's also alert to the potential for more interest-rate rises in the U.S. and Australia. \"We appreciate it is challenging for management to quickly subjugate the bear points and may require a number of clear data points,\" Morgans says. Xero falls 0.5% to A$69.86. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2026 20:39 ET (00:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xero May Need Several Clear Data Points to Beat Back Bears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXero May Need Several Clear Data Points to Beat Back Bears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-14 08:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0039 GMT - Accounting-software provider Xero is downgraded to accumulate, from buy, by Morgans as it weighs the impact of higher interest rates on tech stocks. \"We now apply a 20% discount to our valuation and set our target price at A$85.00/share, from A$111.00/share,\" Morgans says. This discount reflects a view that it could take time to see the boost to Xero's value from the Melio acquisition and how the company can benefit from AI, rather than be disrupted by it, Morgans says. It's also alert to the potential for more interest-rate rises in the U.S. and Australia. \"We appreciate it is challenging for management to quickly subjugate the bear points and may require a number of clear data points,\" Morgans says. Xero falls 0.5% to A$69.86. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2026 20:39 ET (00:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PCOM","symbol_name":"Points International","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651518128","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651518128","pubTimestamp":1783989540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0039 GMT - Accounting-software provider Xero is downgraded to accumulate, from buy, by Morgans as it weighs the impact of higher interest rates on tech stocks. \"We now apply a 20% discount to our valuation and set our target price at A$85.00/share, from A$111.00/share,\" Morgans says. This discount reflects a view that it could take time to see the boost to Xero's value from the Melio acquisition and how the company can benefit from AI, rather than be disrupted by it, Morgans says. It's also alert to the potential for more interest-rate rises in the U.S. and Australia. \"We appreciate it is challenging for management to quickly subjugate the bear points and may require a number of clear data points,\" Morgans says. Xero falls 0.5% to A$69.86.  Dow Jones NewswiresJuly 13, 2026 20:39 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PCOM":"Points International","XRO.AU":"XERO LTD","BK4122":"互联网与直销零售","BK7016":"应用软件","BK7503":"科技股"},"translate_title":"Xero 可能需要几个明确的数据点才能击退空头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRO.AU":0.9,"PCOM":1.5},"content_text":"0039 GMT - Accounting-software provider Xero is downgraded to accumulate, from buy, by Morgans as it weighs the impact of higher interest rates on tech stocks. \"We now apply a 20% discount to our valuation and set our target price at A$85.00/share, from A$111.00/share,\" Morgans says. This discount reflects a view that it could take time to see the boost to Xero's value from the Melio acquisition and how the company can benefit from AI, rather than be disrupted by it, Morgans says. It's also alert to the potential for more interest-rate rises in the U.S. and Australia. \"We appreciate it is challenging for management to quickly subjugate the bear points and may require a number of clear data points,\" Morgans says. Xero falls 0.5% to A$69.86. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 13, 2026 20:39 ET (00:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}