The stock of Godaddy Inc (NYSE:GDDY) hit a new 52-week high and has $44.58 target or 26.00% above today’s $35.38 share price. The 5 months bullish chart indicates low risk for the $5.78 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $44.58 price target is reached, the company will be worth $1.50B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 802,707 shares traded hands. Godaddy Inc (NYSE:GDDY) has risen 9.58% since March 4, 2016 and is uptrending. It has outperformed by 1.55% the S&P500.
Analysts await Godaddy Inc (NYSE:GDDY) to report earnings on November, 2. They expect $0.04 EPS, up 200.00% or $0.08 from last year’s $-0.04 per share. GDDY’s profit will be $6.53 million for 221.13 P/E if the $0.04 EPS becomes a reality. After $-0.11 actual EPS reported by Godaddy Inc for the previous quarter, Wall Street now forecasts -136.36% EPS growth.
Godaddy Inc (NYSE:GDDY) Ratings Coverage
Out of 13 analysts covering GoDaddy Inc (NYSE:GDDY), 10 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 77% are positive. GoDaddy Inc has been the topic of 23 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 4. RBC Capital Markets maintained Godaddy Inc (NYSE:GDDY) rating on Thursday, November 5. RBC Capital Markets has “Outperform” rating and $36 price target. On Friday, April 15 the stock rating was initiated by B. RIley with “Neutral”. The firm has “Buy” rating given on Friday, December 18 by Monness Crespi & Hardt. Oppenheimer maintained Godaddy Inc (NYSE:GDDY) on Thursday, August 6 with “Outperform” rating. The rating was initiated by UBS on Thursday, October 22 with “Buy”. The rating was initiated by Summit Redstone on Monday, October 3 with “Buy”. As per Tuesday, June 7, the company rating was downgraded by Citigroup. Deutsche Bank maintained Godaddy Inc (NYSE:GDDY) on Thursday, August 6 with “Buy” rating. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Wednesday, August 12 by Monness Crespi & Hardt.
According to Zacks Investment Research, “GoDaddy, Inc. is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The Company’s products include domain, hosting and presence and business applications. GoDaddy, Inc. is headquartered in Scottsdale, Arizona.”
More recent Godaddy Inc (NYSE:GDDY) news were published by: Blogs.Wsj.com which released: “CFO Moves: MPLX, GoDaddy Inc.” on October 07, 2016. Also Seekingalpha.com published the news titled: “GoDaddy Is A Multi-Year Compounder” on October 04, 2016. Streetinsider.com‘s news article titled: “Form 4 GoDaddy Inc. For: Oct 05 Filed by: Wagner Scott” with publication date: October 06, 2016 was also an interesting one.
GDDY Company Profile
GoDaddy Inc., incorporated on May 28, 2014, is a technology well-known provider to small businesses, Web design professionals and individuals. The Firm delivers cloud products and personalized customer care. The Firm operates a domain marketplace, where its clients can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help clients construct and protect online presence. It provides applications that enable connecting to clients and managing businesses. The Firm provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. The Firm provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products.
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