GoDaddy (NYSE:GDDY) Rating Reaffirmed
GoDaddy (NYSE:GDDY) just had their share rating of a ‘”Buy”‘ issued by research analysts at JMP Securities, who now has a $93 target price per share on the $13.19 billion market cap company or a 22.37 % upside potential. This key information was released in a report on Thursday morning.
GoDaddy Inc. (NYSE:GDDY) Ratings Coverage
Among 9 analysts covering GoDaddy (NYSE:GDDY), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. GoDaddy has $97 highest and $82 lowest target. $86.78’s average target is 14.18% above currents $76 stock price. GoDaddy had 11 analyst reports since September 14, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 21 by Oppenheimer. SunTrust maintained GoDaddy Inc. (NYSE:GDDY) on Wednesday, February 20 with “Buy” rating. Piper Jaffray maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 21. Citigroup maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. The company was maintained on Thursday, February 21 by RBC Capital Markets. On Thursday, October 11 the stock rating was upgraded by Citigroup to “Buy”. The firm has “Hold” rating by J.P. Morgan given on Thursday, February 21. The company was maintained on Thursday, February 21 by Morgan Stanley.
The stock increased 0.20% or $0.15 during the last trading session, reaching $76. About 2.12M shares traded or 52.34% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 23, 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 146.15 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 $13.19 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 102.56 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: Bizjournals.com which released: “Startup football league hires Bob Parsons’ production company for national broadcasts – Phoenix Business Journal” on January 24, 2019, also Finance.Yahoo.com with their article: “Stocks Moving After Hours: Jack In The Box, Godaddy, Cheesecake Factory, Avis – Yahoo Finance” published on February 20, 2019, Benzinga.com published: “Earnings Scheduled For February 20, 2019 – Benzinga” on February 20, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Benzinga.com and their article: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” published on February 20, 2019 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday – Benzinga” with publication date: February 21, 2019.
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