Can analysts adopt a bullish outlook for GoDaddy Inc. (NYSE:GDDY)? – The Cardinal Weekly

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 4 analysts covering GoDaddy (NYSE:GDDY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. GoDaddy had 5 analyst reports since July 23, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 11 by Citigroup. The stock has “Overweight” rating by Barclays Capital on Monday, July 23. The firm has “Overweight” rating given on Monday, August 6 by Morgan Stanley. Below is a list of GoDaddy Inc. (NYSE:GDDY) latest ratings and price target changes.

28/11/2018 Broker: Morgan Stanley Rating: Buy New Target: $88.0000
11/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
14/09/2018 Broker: Wedbush Rating: Neutral New Target: $85 Initiates Coverage On
06/08/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $72 New Target: $81 Maintain
23/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $77 New Target: $84 Maintain

The stock increased 2.64% or $1.69 during the last trading session, reaching $65.62. About 1.04 million shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since January 1, 2018 and is uptrending. It has outperformed by 34.41% the S&P500.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $11.39 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 88.56 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Prnewswire.com which released: “GoDaddy To Acquire Main Street Hub To Help Small Businesses Boost Social Media Engagement – PR Newswire” on January 23, 2018, also Prnewswire.com with their article: “GoDaddy Makes FORTUNE ‘Best Companies To Work For®’ List – PR Newswire” published on March 03, 2016, Seekingalpha.com published: “Don’t GoDaddy: Too Risky – Seeking Alpha” on January 27, 2017. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Prnewswire.com and their article: “GoDaddy Inc. Announces Proposed Sale of Shares of Common Stock by Selling Stockholders – PR Newswire” published on May 20, 2018 as well as Fool.com‘s news article titled: “Square and GoDaddy Forge a Crucial Partnership: What Investors Need to Know – The Motley Fool” with publication date: November 22, 2017.