ASX-listed Xero rises as Citi says partnership with Anthropic is positive

*Shares of tech major Xero's XRO.AX rise as much as 2.5% to A$74.240, logging their best day since March 18

Citi says XRO partnership with Anthropic is "an incremental positive"

Adds, partnership is in-line with co's strategy of using AI assistants as a distribution channel

"We see the collaboration as another example of the frontier labs and software players working together" — Citi

12 of 13 analysts rate the stock "buy" or higher, one "hold"; their median PT is A$155 – LSEG data

Stock down over 36% YTD