Business
Where next for the Xero (ASX:XRO) share price?
The Xero Limited (ASX: XRO) share price was out of form on Monday and started the week with a small decline.
The cloud-based business and accounting platform provider’s shares ended the day 0.5% lower at $112.60.
This latest decline means the Xero share price is now down almost 29% from its 52-week high.
Is the Xero share price in the buy zone?
The market appears reasonably undecided on whether or not the recent weakness in the Xero share price is a buying opportunity.
Following the announcement of its acquisition of Planday last week, analysts at Goldman Sachs retained their buy rating and $157.00 price target.
This price target implies potential upside of almost 40% for its shares over the next 12 months.
The broker believes…
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