GoDaddy (NYSE:GDDY) Receives a Downgrade
Market activity behind shares of GoDaddy (NYSE:GDDY) will likely interesting today as BidaskScore lowered the stock to a Buy rating.
GoDaddy Inc. (NYSE:GDDY) Ratings Coverage
Among 10 analysts covering GoDaddy (NYSE:GDDY), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. GoDaddy has $97 highest and $82 lowest target. $87.40’s average target is 17.81% above currents $74.19 stock price. GoDaddy had 12 analyst reports since September 14, 2018 according to SRatingsIntel. Oppenheimer maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. JMP Securities maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. As per Thursday, February 21, the company rating was maintained by Morgan Stanley. As per Thursday, February 21, the company rating was maintained by Barclays Capital. On Thursday, February 21 the stock rating was maintained by Citigroup with “Buy”. Citigroup upgraded the shares of GDDY in report on Thursday, October 11 to “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Thursday, February 21. On Wednesday, February 20 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Buy” rating on Thursday, February 21 by RBC Capital Markets. The rating was maintained by J.P. Morgan with “Hold” on Thursday, February 21.
The stock increased 0.66% or $0.49 during the last trading session, reaching $74.19. About 1.54 million shares traded or 1.78% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since March 6, 2018 and is uptrending. It has outperformed by 19.79% the S&P500.
Analysts await GoDaddy Inc. (NYSE:GDDY) to report earnings on May, 14. They expect $0.12 earnings per share, up 500.00 % or $0.10 from last year’s $0.02 per share. GDDY’s profit will be $21.04M for 154.56 P/E if the $0.12 EPS becomes a reality. After $0.28 actual earnings per share reported by GoDaddy Inc. for the previous quarter, Wall Street now forecasts -57.14 % negative EPS growth.
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 $13.01 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 164.87 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: Benzinga.com which released: “10 Biggest Price Target Changes For Thursday – Benzinga” on February 21, 2019, also Benzinga.com with their article: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” published on February 20, 2019, Streetinsider.com published: “GoDaddy (GDDY) Promotes Andrew Low Ah Kee to COO – StreetInsider.com” on February 14, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Seekingalpha.com and their article: “GoDaddy Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 20, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 20, 2019 – Benzinga” with publication date: February 20, 2019.
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