Xero (ASX:XRO) share price down 23%, is it a buy?

The Xero Limited (ASX: XRO) share price has dropped 23% over the last three months, could it be worth a buy right now?

What’s happened to the Xero share price recently?

Well, the Xero share price did end up 4% higher yesterday. Plus, it has had a strong performance during COVID-19 – the share price has gone up 59% over the last year (with the starting point a year ago not quite being the bottom of the COVID-19 crash).

However, plenty of ASX growth shares have seen their share prices decline during 2021. Other names to fall include Afterpay Ltd (ASX: APT) and CSL Limited (ASX: CSL).

Some brokers don’t think that the Xero share price is going to perform well over the next 12 months.

Broker Morgan Stanley has a share price…