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Fly News Breaks for August 3, 2018
GDDY
Aug 3, 2018 | 06:38 EDT
Deutsche Bank analyst Lloyd Walmsley raised his price target for GoDaddy to $90 from $78 and reiterates a Buy rating on the shares following the company's Q2 results. The analyst recommends adding to positions on weakness coming out of the quarter. He's encouraged by "strong early traction" in GoCentral and by the company's ability to tap into new high return on investment marketing channels. Walmsley sees GoDaddy as a "steady grind-higher name over a considerably long time period."
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