23.93 % to Target, Morgan Stanley Maintains ‘”Buy”‘ Rating on GoDaddy (NYSE:GDDY) Shares Today

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GoDaddy (NYSE:GDDY) Rating Reaffirmed

In a research note revealed to investors and clients this morning, Morgan Stanley reaffirmed their “Buy” rating on GoDaddy (NYSE:GDDY) shares. The TP means a possible upside of 23.93 % from company’s last price.

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 14.41% above currents $75.85 stock price. GoDaddy had 11 analyst reports since September 14, 2018 according to SRatingsIntel. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by Piper Jaffray on Thursday, February 21. The stock has “Overweight” rating by Barclays Capital on Thursday, February 21. The stock has “Buy” rating by Oppenheimer on Thursday, February 21. The company was maintained on Thursday, February 21 by Morgan Stanley. The rating was maintained by Citigroup on Thursday, February 21 with “Buy”. On Wednesday, February 20 the stock rating was maintained by SunTrust with “Buy”. RBC Capital Markets maintained GoDaddy Inc. (NYSE:GDDY) rating on Thursday, February 21. RBC Capital Markets has “Buy” rating and $82 target. J.P. Morgan maintained the shares of GDDY in report on Thursday, February 21 with “Hold” rating. Citigroup upgraded the stock to “Buy” rating in Thursday, October 11 report.

The stock increased 4.78% or $3.46 during the last trading session, reaching $75.85. About 3.56M shares traded or 155.78% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 22, 2018 and is uptrending. It has outperformed by 34.41% the S&P500.

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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 145.87 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 $13.16 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 102.36 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: Prnewswire.com which released: “Ayesha Curry Unveils New Homemade Website and Brand, Powered by GoDaddy – PRNewswire” on February 13, 2019, also Benzinga.com with their article: “Earnings Scheduled For February 20, 2019 – Benzinga” published on February 20, 2019, Zacks.com published: “GoDaddy (GDDY) Earnings & Revenues Beat Estimates in Q4 – Zacks.com” on February 21, 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 Bizjournals.com‘s news article titled: “Startup football league hires Bob Parsons’ production company for national broadcasts – Phoenix Business Journal” with publication date: January 24, 2019.

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