Godaddy Inc Stock Forecast:
Based on the forecast of 11 analysts, the average target price for GoDaddy Inc over the next 12 months is USD 93.82, and the average analyst rating is Strong Buy. Stock Target Advisor‘s analysis is Slightly Bullish, with 9 positive and 4 negative signals. GoDaddy Inc’s current stock price is USD 76.37, which has decreased by 1.18% in the past week, increased by 5.48% in the past month, and decreased by 7.30% in the last year.
Analysts Coverage Change:
Robert W. Baird & Co. initiates GoDaddy Inc. with an “Outperform” rating and a $95 target on the company’s stock.
Positive Fundamentals:
GoDaddy stock is attractive due to its high market capitalization and low volatility, making it a stable investment. The company has superior return on equity, return on invested capital, and return on assets compared to its peers. Additionally, GoDaddy has positive cash flow and free cash flow, and has shown top quartile earnings growth in the previous 5 years. It also has a high Gross Profit to Asset Ratio, making it an attractive investment for value investors.
Negative Fundamentals:
Investors do not like the GoDaddy stock as it is overpriced compared to its earnings, book value, cash flow, and free cash flow. It is trading high compared to its peers and the sector median on all these metrics. Therefore, investors should proceed with caution before considering buying this stock.
FA Score (Fundamental Analysis):
The fundamental analysis of GoDaddy stock is “Slightly Bullish” with a FA score of 6.9 out of 10, where 0 is very bearish and 10 is very bullish.
About GoDaddy Inc.:
GoDaddy is a US-based company that develops cloud-based products. It has two segments: Applications and Commerce, which offers website building, e-commerce tools, marketing services, payment processing, and email services, and the Core Platform, which provides domain registration and hosting services, including security products. GoDaddy serves individuals, small businesses, developers, designers, and domain investors, and it was founded in 2014 and headquartered in Tempe, Arizona.
