Several analysts recently commented on GDDY shares. UBS initiated the stock on October 22 with “Buy” rating. The highest target is $40 and the lowest is $30 according to Thomson/First Call.
Advertisement
This quarter’s $411.1 million in revenue is up 15.2 percent year-over-year, compared to $356.9 million in revenue recorded in Q3 2014. Deutsche Bank now has a $34.0 PT on the $4.24 billion market cap company or 23.95 % upside potential.
The company has also expanded its online store with new features, including the integration of GoDaddy Email Marketing; Shippo solution; and McAfee Secure Certification.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kelpy Matthew B., officer (Chief Accounting Officer) of Godaddy Inc., executed a transaction worth $104,200 on August 11, 2015. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have issued a buy recommendation on the company.
Investors were eager to reward the stock, with shares rising 15% to a recent $31.54. RBC Capital maintained its bullish stance on the stock, along with an upward revision in its target price, from $31 to $36.
Godaddy (NASDAQ:GDDY) last announced its quarterly earnings data on Wednesday, November 4th. Finally, Monness Crespi & Hardt assumed coverage on Godaddy in a research report on Thursday, August 13th. This is in line with the consensus estimates of $423.6 million. The company has a 50 day moving average of $26.36 and a 200-day moving average of $26.78.
GoDaddy Inc. operates a Web domain name market, godaddy.com.
The cloud service platform provider reported an adjusted loss of $0.03 per share, which was $0.32 lower than consensus estimate of $0.29; this was the third consecutive EPS miss. The Firm operates domain marketplace, where its clients can find that piece of digital real estate that matches their idea.
Advertisement
GoDaddy, Inc.is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The business ‘s products contain company applications hosting, and presence, and domain.
