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Xero Limited ( (AU:XRO) ) has issued an announcement.
Xero Limited has completed its acquisition of Melio Limited, a prominent US SMB bill pay platform, which will enhance Xero’s ability to manage cash flow and streamline operations for small businesses. This acquisition is expected to significantly accelerate Xero’s US revenue growth and potentially more than double its FY25 group revenue by FY28, excluding anticipated revenue synergies. The transaction involves a combination of cash, debt, and newly issued shares, and is expected to result in non-recurring costs and the recognition of amortisable intangible assets.
The most recent analyst rating on (AU:XRO) stock is a Buy with a A$210.00 price target. To see the full list of analyst forecasts on Xero Limited stock, see the AU:XRO Stock Forecast page.
More about Xero Limited
Xero is a global small business platform that integrates essential tools such as accounting, payroll, and payments into one platform. It helps automate routine tasks, provides timely insights, and connects users with their data, apps, and advisors. Trusted by millions of small businesses and accountants worldwide, Xero aims to improve the lives of small business owners and their communities.
Average Trading Volume: 464,562
Technical Sentiment Signal: Hold
Current Market Cap: A$25.44B
See more insights into XRO stock on TipRanks’ Stock Analysis page.