Analysts say the Xero share price could hit $227
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Xero Ltd (ASX: XRO) shares are in the red on Wednesday morning trade. At the time of writing, the shares are 0.86% lower at $152.46 a piece.
Over the past six months, the share price has fallen 5.1% but over the year, the shares are 1.22% higher, thanks to a number of peaks and falls.
What’s happened to Xero shares?
Xero posted lower-than-expected FY25 results in May and revealed a 23% (20% in constant currency) increase in operating revenue to NZ$2.1 billion.
Later in July, the accounting software company announced a US$2.5 billion acquisition of US-based Melio, spooking investors who sold off shares in a panic about the deal’s size and projected cash flow. The deal was completed in mid-October, but…
