The stock of Godaddy Inc (NYSE:GDDY) reached all time high today, Oct, 7 and still has $59.67 target or 68.00% above today’s $35.52 share price. This indicates more upside for the $5.81 billion company. This technical setup was reported by Barchart.com. If the $59.67 PT is reached, the company will be worth $3.95 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.15M shares traded hands or 38.81% up from the average. 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 $6.54 million for 222.00 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. Monness Crespi & Hardt initiated the shares of GDDY in a report on Wednesday, August 12 with “Buy” rating. The firm earned “Buy” rating on Monday, August 31 by Citigroup. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. The rating was maintained by Deutsche Bank with “Buy” on Thursday, August 4. The rating was initiated by Summit Redstone with “Buy” on Monday, October 3. The firm earned “Neutral” rating on Friday, April 15 by B. RIley. The firm has “Neutral” rating given on Tuesday, June 7 by Citigroup. The stock of Godaddy Inc (NYSE:GDDY) has “Sell” rating given on Tuesday, April 5 by Singular Research. Barclays Capital initiated the shares of GDDY in a report on Friday, August 7 with “Buy” rating. The company was maintained on Friday, December 18 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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