GoDaddy (NYSE:GDDY) Rating Reaffirmed
The financial company has just set a target price of $97 on GoDaddy (NYSE:GDDY) shares. This is 28.09 % from the current price. In an analyst note issued to investors and clients on Thursday morning, Piper Jaffray reconfirmed their Buy rating on shares of GDDY.
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 14.45% above currents $75.73 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 of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by Citigroup on Thursday, October 11.
The stock increased 4.61% or $3.34 during the last trading session, reaching $75.73. About 2.35 million shares traded or 76.01% up from the average. 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 earnings per share, up 18.18 % or $0.02 from last year’s $0.11 per share. GDDY’s profit will be $22.56M for 145.63 P/E if the $0.13 EPS becomes a reality. After $0.08 actual earnings per share 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 $13.14 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 102.2 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 Seekingalpha.com with their article: “GoDaddy Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 20, 2019, Benzinga.com published: “10 Biggest Price Target Changes For Thursday – Benzinga” on February 21, 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: “Earnings Scheduled For February 20, 2019 – Benzinga” with publication date: February 20, 2019.
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