GoDaddy (NYSE:GDDY): JMP Securities Reaffirms Buy Rating Today, Has a Target of $84.0000/Share

May 17, 2018 - By Kurt Siggers

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GoDaddy (NYSE:GDDY) Rating Reaffirmed

They currently have a $84.0000 target price on GoDaddy (NYSE:GDDY). The target price by JMP Securities would suggest a potential upside of 20.33 % from the company’s close price. This has been released in a research report on Wednesday, 16 May.

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 15 analysts covering GoDaddy (NYSE:GDDY), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. GoDaddy has $8300 highest and $52 lowest target. $68’s average target is -2.59% below currents $69.81 stock price. GoDaddy had 22 analyst reports since December 5, 2017 according to SRatingsIntel. The company was maintained on Tuesday, January 30 by Morgan Stanley. Morgan Stanley maintained the shares of GDDY in report on Wednesday, May 9 with “Overweight” rating. Jefferies maintained it with “Buy” rating and $7600 target in Monday, May 7 report. SunTrust maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, March 29 with “Buy” rating. The firm earned “Buy” rating on Friday, March 23 by SunTrust. Piper Jaffray maintained the shares of GDDY in report on Wednesday, May 9 with “Buy” rating. SunTrust maintained GoDaddy Inc. (NYSE:GDDY) rating on Thursday, February 22. SunTrust has “Buy” rating and $62.0 target. The firm has “Buy” rating by Deutsche Bank given on Friday, February 23. FBR Capital maintained the stock with “Buy” rating in Monday, April 2 report. The stock of GoDaddy Inc. (NYSE:GDDY) has “Hold” rating given on Tuesday, December 12 by J.P. Morgan.

The stock increased 0.95% or $0.66 during the last trading session, reaching $69.81. About 1.89 million shares traded or 17.49% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 64.62% since May 17, 2017 and is uptrending. It has outperformed by 53.07% the S&P500.

Analysts await GoDaddy Inc. (NYSE:GDDY) to report earnings on August, 14. They expect $0.07 earnings per share, down 46.15 % or $0.06 from last year’s $0.13 per share. GDDY’s profit will be $11.96 million for 249.32 P/E if the $0.07 EPS becomes a reality. After $0.02 actual earnings per share reported by GoDaddy Inc. for the previous quarter, Wall Street now forecasts 250.00 % 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 $11.93 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 88.37 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.

Another recent and important GoDaddy Inc. (NYSE:GDDY) news was published by Seekingalpha.com which published an article titled: “GoDaddy Inc. 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018.

GoDaddy Inc. (NYSE:GDDY) Ratings Chart

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