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Fly News Breaks for May 7, 2018
EIGI, WIX, GDDY
May 7, 2018 | 08:30 EDT
Jefferies analyst Brent Thill raised his price target for GoDaddy (GDDY) to $76 following a deep dive into the web presence market opportunity. The analyst thinks GoDaddy shares provide investors a "balanced profile" of double-digit revenue growth, margin expansion, and "significant" free cash flow generation, with valuation levels "still reasonable" despite outperformance. He calls a top mid-cap pick and reiterates a Buy rating on the name. Thill views Wix.com (WIX) as a "standout premium growth story," but with a tougher near-term setup. He keeps a Buy rating on the shares with an $86 price target. The analyst keeps an Underperform rating on Endurance (EIGI).
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