GoDaddy (NYSE:GDDY) Price Target Raised to $120.00

GoDaddy (NYSE:GDDY) had its target price upped by Robert W. Baird from $110.00 to $120.00 in a research report released on Friday, MarketBeat.com reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Benchmark lowered their price target on GoDaddy from $185.00 to $140.00 and set a “buy” rating for the company in a report on Friday, July 31st. Wedbush decreased their price objective on shares of GoDaddy from $109.00 to $93.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Piper Sandler reiterated a “neutral” rating and set a $95.00 target price (up from $93.00) on shares of GoDaddy in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of GoDaddy to a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of GoDaddy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.69.

GoDaddy Stock Performance

Shares of GDDY stock opened at $97.12 on Friday. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.87 and a beta of 0.94. GoDaddy has a one year low of $71.59 and a one year high of $142.49. The company’s 50-day simple moving average is $96.43 and its 200-day simple moving average is $88.91. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $1.41 earnings per share. GoDaddy’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts anticipate that GoDaddy will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CEO Amanpal Bhutani sold 8,194 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total value of $829,150.86. Following the sale, the chief executive officer directly owned 504,553 shares in the company, valued at approximately $51,055,718.07. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Leah Sweet sold 325 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total value of $31,668.00. Following the completion of the sale, the director owned 13,689 shares in the company, valued at $1,333,856.16. The trade was a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 26,858 shares of company stock worth $2,593,081. 0.93% of the stock is owned by company insiders.

Institutional Trading of GoDaddy

Large investors have recently modified their holdings of the company. Tidal Investments LLC lifted its position in GoDaddy by 23.5% in the 2nd quarter. Tidal Investments LLC now owns 38,583 shares of the technology company’s stock valued at $3,275,000 after purchasing an additional 7,353 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of GoDaddy by 5.7% in the second quarter. WINTON GROUP Ltd now owns 6,745 shares of the technology company’s stock valued at $573,000 after purchasing an additional 361 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of GoDaddy in the second quarter valued at approximately $216,000. Integrated Wealth Concepts LLC bought a new stake in shares of GoDaddy during the second quarter valued at approximately $441,000. Finally, NewEdge Advisors LLC raised its holdings in shares of GoDaddy by 287.4% during the second quarter. NewEdge Advisors LLC now owns 17,130 shares of the technology company’s stock valued at $1,454,000 after buying an additional 12,708 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

More GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Potential Gen Digital acquisition: Reports that Norton owner Gen Digital made a preliminary takeover offer for GoDaddy drove an initial rally. A transaction could give Gen Digital access to GoDaddy’s customer base of more than 20 million small businesses, creators and entrepreneurs, potentially creating strategic and cost synergies. The report did not indicate that a definitive agreement had been reached. GoDaddy shares rocket after Norton owner Gen Digital takeover offer
• Positive Sentiment: Analyst support: Robert W. Baird raised its price target from $110 to $120 and maintained an “outperform” rating, implying meaningful upside based on the reference price. Heavy call-option buying also indicated elevated bullish speculation, although options activity can increase volatility rather than signal lasting fundamental demand.
• Neutral Sentiment: Takeover uncertainty remains high: Coverage characterized the Gen Digital approach as preliminary or a reported bid, so investors face uncertainty over valuation, financing, regulatory review and whether negotiations will produce a completed transaction. A Major Software Player Has Its Eyes on GoDaddy, Says a Report
• Negative Sentiment: Securities class action risk: Multiple law firms publicized a lawsuit alleging that GoDaddy and certain executives violated securities laws by making misleading statements concerning customer-acquisition issues and a domain-discount promotion. The alleged class period is September 3, 2025, through February 24, 2026, with lead-plaintiff deadlines generally reported as October 20 or October 26, 2026. These are allegations, and the financial liability—if any—has not been determined. Repeated notices largely reflect competing firms seeking investors, not necessarily separate new lawsuits. GoDaddy stock drop alert and class action notice

About GoDaddy

GoDaddy Inc (NYSE: GDDY) is a technology company that provides online tools and services for entrepreneurs, small businesses and individuals. Its offerings are designed to help customers establish, manage and grow an online presence, including domain-name registration, domain search and management, website hosting, professional email and online security services.

The company also provides website-building and commerce solutions that support online stores, appointment scheduling, digital marketing, search-engine optimization, social media management and payment acceptance.