BUZZ-Jefferies flags Claude risk for NZ-based Xero, trims price target

** Analysts at Jefferies flag lingering concerns around AI disruption risks for ASX-listed Xero XRO.AX

** The launch of Anthropic's "Claude for Small Business" — which integrates multiple software providers, including Xero — could reshape the competitive landscape- brokerage

** Says the co needs to keep spending to build its brand awareness, especially in the U.S.

** Jefferies cuts price target to A$77 per share from A$84.80, retains "hold" rating

** Morningstar says co's expansion into the U.S. is driving negative market sentiment for co

** Investment research firm says XRO could struggle to compete in the U.S. as it faces competition from Intuit's QuickBooks - seen as having stronger distribution

** XRO down over 35% this year


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.