A Reversal for GoDaddy Inc. (GDDY) Is Not Near. The Stock Rises Again

The stock of GoDaddy Inc. (NYSE:GDDY) is a huge mover today! The stock increased 2.12% or $1.42 during the last trading session, reaching $68.48. About 512,551 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since January 31, 2018 and is uptrending. It has outperformed by 34.41% the S&P500.
The move comes after 7 months positive chart setup for the $11.88B company. It was reported on Jan, 31 by Barchart.com. We have $71.90 PT which if reached, will make NYSE:GDDY worth $594.10 million more.

Analysts await GoDaddy Inc. (NYSE:GDDY) to report earnings on February, 28. They expect $0.13 EPS, up 18.18 % or $0.02 from last year’s $0.11 per share. GDDY’s profit will be $22.56 million for 131.69 P/E if the $0.13 EPS becomes a reality. After $0.08 actual EPS reported by GoDaddy Inc. for the previous quarter, Wall Street now forecasts 62.50 % EPS growth.

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 3 analysts covering GoDaddy (NYSE:GDDY), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. GoDaddy had 4 analyst reports since August 6, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Monday, August 6 report. The firm has “Buy” rating given on Thursday, October 11 by Citigroup.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Seekingalpha.com which released: “GoDaddy Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 03, 2018, also Seekingalpha.com with their article: “GoDaddy +3.5% on Q1 rev beat, upside Q2 and FY guidance – Seeking Alpha” published on May 09, 2018, Bizjournals.com published: “GoDaddy stockholders plan to sell millions of shares – Phoenix Business Journal” on August 15, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Benzinga.com and their article: “GoDaddy (NYSE:GDDY) Surges On Strong Guidance, 216K More Net Customers – Benzinga” published on February 23, 2018 as well as Bizjournals.com‘s news article titled: “Bob Parsons to step down from GoDaddy board – Phoenix Business Journal” with publication date: October 03, 2018.

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 $11.88 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 92.42 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.