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Xero shares rocket for third day - but analyst rates it a hold, citing surprise negative

Chris Keall
Wed, 16 Oct 2013

Xero shares [NZX:XRO] were up 6.93% in mid-afternoon trading to a new high of $22.20, giving the online accounting software company a market cap of $2.59 billion.

Even by the standards of Xero - whose shares are up 308% over the past year - it's been a heady three days.

On Monday, as the

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Chris Keall
Wed, 16 Oct 2013
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Xero shares rocket for third day - but analyst rates it a hold, citing surprise negative
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