XERO
Xero is in a position to finally transition from a loss making start-up to a self funding business with significant growth opportunities, says UBS, which has upgraded the stock to a neutral recommendation and upgraded it's price target to $42.50.
A potential key to growth is the UK's " Making tax digital " initiative which will require all VAT- registered businesses with turnover above 85k Pound to maintain digital records, with UBS predicting up to 800,000 UK SME's could adopt cloud accounting software before April 2019.
UBS said within five years, the company's shares could be worth more than $100 if new international markets or revenues are included.
regards
dave
apologies for any spelling errors
article on page 33
XRO Price at posting:
$39.50 Sentiment: Buy Disclosure: Held
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