What Will Happen to GoDaddy Inc. (GDDY) Next? The Stock Just Declined A Lot

The stock of GoDaddy Inc. (NYSE:GDDY) is a huge mover today! The stock decreased 2.24% or $1.82 during the last trading session, reaching $79.41. About 2.41 million shares traded or 51.56% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since May 3, 2018 and is uptrending. It has outperformed by 19.79% the S&P500.
The move comes after 7 months negative chart setup for the $14.06B company. It was reported on May, 3 by Barchart.com. We have $74.65 PT which if reached, will make NYSE:GDDY worth $843.66 million less.

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 $21.25 million for 165.44 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. (NYSE:GDDY) Ratings Coverage

Among 9 analysts covering GoDaddy (NYSE:GDDY), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. GoDaddy had 11 analyst reports since November 28, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 20 by SunTrust. On Thursday, February 21 the stock rating was maintained by J.P. Morgan with “Hold”. The rating was maintained by Barclays Capital on Thursday, February 21 with “Overweight”. As per Thursday, February 21, the company rating was maintained by Piper Jaffray. The stock of GoDaddy Inc. (NYSE:GDDY) has “Buy” rating given on Thursday, February 21 by RBC Capital Markets. On Thursday, February 21 the stock rating was maintained by Citigroup with “Buy”. As per Thursday, February 21, the company rating was maintained by Oppenheimer. JMP Securities maintained the shares of GDDY in report on Thursday, February 21 with “Buy” rating. The rating was maintained by Morgan Stanley on Thursday, February 21 with “Overweight”.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Fool.com which released: “3 Reasons Why GoDaddy Stock Keeps Hitting New Highs – Motley Fool” on September 05, 2018, also Benzinga.com with their article: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” published on February 20, 2019, Seekingalpha.com published: “GoDaddy Inc. (GDDY) CEO Scott Wagner on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 06, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Prnewswire.com and their article: “Entrepreneurs Can Now Easily Sell Everywhere with the Launch of GoDaddy Marketplaces – PRNewswire” published on April 10, 2019 as well as Seekingalpha.com‘s news article titled: “GoDaddy Inc. 2019 Q1 – Results – Earnings Call Slides – GoDaddy Inc. (NYSE:GDDY) – Seeking Alpha” with publication date: May 03, 2019.

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 $14.06 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 159.46 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.