They'll get there and share the USA market with Intuit.
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Agree their target is chicken feed and once again they don't have to beat intuit just pick up some of their customers and join up new ones that would have gone to intuit. So some analyst changes his target to $20 from $27 now that the price has gone below his original target pass me a tui please, are these guys for real that exhibits about as much intelligence as your average rock:cool:
Nope, thats was Nick Lewis @ Woodward, 18 months ago.
Hi Moosie. My take on all the messages here with regards to analysts throwing much-varied 'price targets' around .... They are so varied that you have to take all with a grain of salt. Many look at the Xero model from a traditional standpoint without fully understanding the SAAS model and the global potential Xero has, AND without having any foresight into the technology space. I give more weight to experienced investors in this space already (with a proven record) et.el Thiel and co. coming in again whether that be at $18 or whatever.
I was always into Xero for the long haul (its been 3+ years already) and are happy with how Rod is delivering on all his milestones and is clear on incurring losses whilst globally expanding. I don't see this as a winner-takes-all like some do.
Sure there may be better (and quicker) investments out there, that are much safer, but to me, Xero is a good part of my diversified portfolio and it has derisked considerably over the time I have been an investor.
Thiel and co. coming in again whether that be at $18 or whatever.
I was always into Xero for the long haul (its been 3+ years already) and are happy with how Rod is delivering on all his milestones and is clear on incurring losses whilst globally expanding. I don't see this as a winner-takes-all like some do.
Sure there may be better (and quicker) investments out there, that are much safer, but to me, Xero is a good part of my diversified portfolio and it has derisked considerably over the time I have been an investor.[/QUOTE]
Correct, Xero is a different ball game.... very few would/will understand it.
Correct, Xero is a different ball game.... very few would/will understand it.[/QUOTE]
Which is why you see price targets ranging from 18 to 48. No one really knows.
Which may happen with the share price.
Meanwhile, the company is going through some growing pains. If any of you track their community forum and Rod's twitter account, there are a lot of unhappy punters out there (and many many happy ones). They have made the big error of over-promising and thus far under-delivering in the US. Not good. Payroll. Basic features. A much more demanding set of customers have been sold some promises that won't be realized in the time frame originally set out. Will be interesting to see if they can keep it together or if things go sour.
Not as many unhappy punters compared to the Intuit camp by the looks of things.. pages and pages of customer anguish with their latest "improvements"
AGM coming up on the 23rd July. Always a good event. They also usually mention the number of customers on the day. I always like that bit.