GoDaddy (NYSE:GDDY) Rating Reaffirmed
In analysts note issued to clients and investors this morning, SunTrust Robinson reaffirmed their “Buy” rating on GoDaddy (NYSE:GDDY) shares. The TP indicates a possible upside of 14.04 % from firm’s last stock close price.
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 has $8800 highest and $85 lowest target. $86.67’s average target is 13.61% above currents $76.29 stock price. GoDaddy had 4 analyst reports since September 14, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 20 by SunTrust. The stock has “Buy” rating by Citigroup on Thursday, October 11.
The stock increased 5.39% or $3.9 during the last trading session, reaching $76.29. About 112,647 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 21, 2018 and is uptrending. It has outperformed by 34.41% the S&P500.
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 $22.56M for 146.71 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. 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 $13.24 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 102.96 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: Zacks.com which released: “GoDaddy (GDDY) Earnings Expected to Grow: Should You Buy? – Zacks.com” on February 13, 2019, also Seekingalpha.com with their article: “Citi upgrades GoDaddy after correction – Seeking Alpha” published on October 11, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: Agilent, American Water, Apple, Biogen, Garmin, GoDaddy, Tilray, UBS, Walmart and More – 24/7 Wall St.” on February 21, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Benzinga.com and their article: “Earnings Scheduled For February 20, 2019 – Benzinga” published on February 20, 2019 as well as Zacks.com‘s news article titled: “GoDaddy (GDDY) Q4 Earnings and Revenues Top Estimates – Zacks.com” with publication date: February 20, 2019.
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