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GDDY

GoDaddy

$72.30

-0.39 (-0.54%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10

GoDaddy drops 2% to $70.94 following Q4 results, 2019 outlook

  • 20

    Feb

  • 25

    Feb

GDDY GoDaddy
$72.30

-0.39 (-0.54%)

11/28/18
MSCO
11/28/18
NO CHANGE
Target $88
MSCO
Overweight
GoDaddy potential as a consolidator overlooked, says Morgan Stanley
Morgan Stanley analyst Brian Essex said GoDaddy has been the first to achieve scale in the fragmented Web Presence market and he believes the company's potential as a consolidator may be overlooked. He believes management's recently established targets of $5B in sales and 23M subscribers by 2023 look like reasonable goals with continued execution and "thoughtful" M&A, Essex stated. The analyst keeps an Overweight rating on GoDaddy and raised his price target on the stock to $88 from $85.
12/19/18
SBSH
12/19/18
INITIATION
Target $116
SBSH
Buy
Wix.com initiated with a Buy at Citi
Citi analyst Nicholas Jones started Wix.com (WIX) with a Buy rating and $116 price target. The analyst also took over coverage of GoDaddy (GDDY) with a Buy rating and $82 price target. He sees 35% upside in shares of Wix and 32% upside in GoDaddy.
01/09/19
JEFF
01/09/19
NO CHANGE
JEFF
Jefferies says be selective in Internet, cuts targets on Snap and Facebook
Jefferies analyst Brent Thill this morning cut his price targets on a handful of names in the Internet space. In a research note titled "2019 Playbook," the analyst also downgraded Booking Holdings (BKNG) and Redfin (RDFN) to Hold from Buy. Thill tells investors to selective in the space, and recommends buying Amazon.com (AMZN), Alphabet (GOOGL) and Intuit (INTU) in large cap, Match Group (MTCH), IAC (IAC) and GoDaddy (GDDY) in mid cap, and Wix.com (WIX) and Trade Desk (TTD) in small cap. He expects TripAdvisor (TRIP), Shutterstock (SSTK) and Shutterstock (EIGI) to underperform. Among his price target cuts were Buy-rated Expedia (EXPE) to $150, Buy-rated Facebook to $180, Hold-rated Snap (SNAP) to $7, Hold-rated Sonos (SONO) to $12, Hold-rated Twitter (TWTR) to $33 and Hold-rated Zillow Group (ZG) to $34.
02/13/19
PIPR
02/13/19
NO CHANGE
PIPR
VeriSign results may signal little booking growth for GoDaddy, say Piper Jaffray
Piper Jaffray analyst Michael Olson maintained an Overweight rating and $91 price target on GoDaddy (GDDY), but lowered this Q4 booking estimates for the company based on Verisign's (VRSN) earnings report, which showed a slight top-line miss and lower sequential net adds, leading the analyst to believe there is minimal room for quarter-over-quarter bookings growth for GoDaddy in Q4. Olson lowered his Q4 bookings est to $740M from $744M, and his revenue estimtae to $692M from $695M, but left his EPS estimate of 19c unchanged. Olson believes, however, that "continued efforts on GoDaddy's website builder and eCommerce initiatives are closing the gap with builder rivals, such as Wix."

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