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…