Xero to turn profitable from 2020, Morningstar predicts

Thu, 23 Jun 2016

By Paul McBeth June 24 (BusinessDesk) - Xero will start turning profits from 2020 as it continues to grow its customer base in North America and the UK, says Morningstar. The research house's fair value estimate for Xero is $21 a share, a premium to the current trading price of $18.50, on expectations the Wellington-based accounting software developer will start making money soon and probably won't have to raise more capital. Morningstar predicts Xero's annual loss peaked this year, and that it will go on to post a maiden profit of $87.6...

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