GoDaddy (NYSE:GDDY) Price Target Lowered to $154.00 at JPMorgan Chase & Co.
by Teresa Graham · The Cerbat GemGoDaddy (NYSE:GDDY – Free Report) had its price objective lowered by JPMorgan Chase & Co. from $167.00 to $154.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.
Several other equities analysts also recently weighed in on the company. Evercore set a $95.00 price target on GoDaddy in a report on Wednesday, February 25th. Citigroup reduced their price target on GoDaddy from $195.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Morgan Stanley reduced their price target on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Barclays reduced their price target on GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, UBS Group reduced their price target on GoDaddy from $145.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.93.
Check Out Our Latest Report on GDDY
GoDaddy Stock Up 0.0%
GDDY traded up $0.03 during trading on Friday, reaching $86.82. The stock had a trading volume of 4,017,623 shares, compared to its average volume of 1,961,505. The stock’s 50 day moving average is $84.84 and its two-hundred day moving average is $107.03. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 17.50. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 0.80 and a beta of 0.98. GoDaddy has a one year low of $73.06 and a one year high of $190.50.
GoDaddy (NYSE:GDDY – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a return on equity of 366.98% and a net margin of 17.32%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 earnings per share. As a group, analysts expect that GoDaddy will post 6.97 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Leah Sweet sold 650 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $86.86, for a total transaction of $56,459.00. Following the sale, the director directly owned 11,414 shares of the company’s stock, valued at $991,420.04. This trade represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 34,148 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total value of $3,038,830.52. Following the sale, the chief executive officer directly owned 530,120 shares in the company, valued at $47,175,378.80. This trade represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,918 shares of company stock valued at $5,500,469 over the last ninety days. Insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On GoDaddy
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of GoDaddy by 0.8% during the third quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock valued at $2,587,754,000 after buying an additional 150,045 shares during the last quarter. WCM Investment Management LLC boosted its position in shares of GoDaddy by 1.8% during the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock valued at $529,395,000 after buying an additional 66,144 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of GoDaddy by 47.0% during the third quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock valued at $483,360,000 after buying an additional 1,128,646 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of GoDaddy by 11.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,216,382 shares of the technology company’s stock valued at $399,089,000 after buying an additional 319,515 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of GoDaddy by 117.5% during the fourth quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock valued at $370,991,000 after buying an additional 1,615,005 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting GoDaddy
Here are the key news stories impacting GoDaddy this week:
- Positive Sentiment: Q1 beat on both EPS and revenue, showing execution strength (EPS $1.60 vs. est. $1.53; revenue $1.27B vs. est. $1.26B) — confirms underlying growth and drove the initial rally. Zacks: Beats Q1 Earnings
- Positive Sentiment: AI platform (Airo) is accelerating monetization — ARPU rose ~9.3% y/y to $246 and management cited faster monetization, supporting better margins and cash generation. This is the main structural growth argument for the stock. Zacks: Airo Execution
- Positive Sentiment: Management/guidance tone is constructive: company forecasted quarterly revenue above estimates and issued FY revenue range roughly in line with consensus, reinforcing the AI-led growth narrative. Reuters: Forecasts Revenue Above Estimates
- Positive Sentiment: Market reaction: coverage and commentaries note a share-price pop after the print, reflecting investor enthusiasm around AI product traction and improving unit economics. Blockonomi: Stock Surges
- Neutral Sentiment: Press release and investor materials (slides, prepared remarks) are available for deeper reads on segment performance, cash flow and capital allocation—useful for modeling next quarters. PR Newswire: Q1 Results
- Neutral Sentiment: Some outlets characterize revenue as essentially in-line with expectations despite the beat—investors should focus on margin/ARPU trends and guidance cadence rather than headline revenue only. Yahoo Finance: Revenue In Line
- Negative Sentiment: JPMorgan trimmed its price target from $167 to $154 (while keeping an Overweight rating), which reduces some upside expectations and may cap near-term analyst-driven flows. TickerReport/Benzinga: JPMorgan Lowers PT
GoDaddy Company Profile
GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.
Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.