During the last three months, 11 analysts shared their evaluations of GoDaddy (NYSE:GDDY), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $153.64, along with a high estimate of $175.00 and a low estimate of $130.00. This upward trend is apparent, with the current average reflecting a 13.2% increase from the previous average price target of $135.73.
Interpreting Analyst Ratings: A Closer Look
The standing of GoDaddy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Naved Khan | B. Riley Securities | Raises | Buy | $170.00 | $143.00 |
| Ygal Arounian | Citigroup | Raises | Buy | $165.00 | $150.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $175.00 | $136.00 |
| Vikram Kesavabhotla | Baird | Raises | Outperform | $175.00 | $150.00 |
| Chris Kuntarich | UBS | Raises | Neutral | $130.00 | $118.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $145.00 | $124.00 |
| Elizabeth Elliott | Morgan Stanley | Raises | Equal-Weight | $137.00 | $132.00 |
| Mark Zgutowicz | Benchmark | Raises | Buy | $158.00 | $150.00 |
| Mark Mahaney | Evercore ISI Group | Raises | In-Line | $135.00 | $110.00 |
| Trevor Young | Barclays | Raises | Overweight | $150.00 | $130.00 |
| Mark Zgutowicz | Benchmark | Maintains | Buy | $150.00 | $150.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to GoDaddy. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of GoDaddy compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of GoDaddy's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into GoDaddy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on GoDaddy analyst ratings.
All You Need to Know About GoDaddy
GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
Understanding the Numbers: GoDaddy's Finances
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: GoDaddy's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 7.0%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: GoDaddy's net margin excels beyond industry benchmarks, reaching 36.22%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): GoDaddy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 168.34%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): GoDaddy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.17%, the company showcases efficient use of assets and strong financial health.
Debt Management: GoDaddy's debt-to-equity ratio is notably higher than the industry average. With a ratio of 9.46, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.