Today’s Price Action: Godaddy Inc’s Trend Up, Especially After Today’s 52-Week High Milestone

Today's Price Action: Godaddy Inc's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Godaddy Inc (NYSE:GDDY) hit a new 52-week high and has $56.72 target or 58.00% above today’s $35.90 share price. The 6 months bullish chart indicates low risk for the $5.85 billion company. The 1-year high was reported on Oct, 19 by If the $56.72 price target is reached, the company will be worth $3.39 billion 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 56,835 shares traded hands. Godaddy Inc (NYSE:GDDY) has risen 11.63% since March 16, 2016 and is uptrending. It has outperformed by 6.09% 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 $6.52M for 224.38 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 14 analysts covering GoDaddy Inc (NYSE:GDDY), 11 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 79% are positive. $42 is the highest target while $31 is the lowest. The $37.92 average target is 5.63% above today’s ($35.9) stock price. GoDaddy Inc has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, August 12 by Monness Crespi & Hardt. Summit Redstone initiated Godaddy Inc (NYSE:GDDY) on Monday, October 3 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 5 report. The rating was maintained by Deutsche Bank on Thursday, November 5 with “Buy”. On Thursday, August 6 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Buy” rating given on Friday, August 7 by Barclays Capital. The firm earned “Buy” rating on Thursday, October 22 by UBS. The stock of Godaddy Inc (NYSE:GDDY) earned “Neutral” rating by B. RIley on Friday, April 15. The stock has “Buy” rating given by Monness Crespi & Hardt on Friday, December 18. Piper Jaffray maintained Godaddy Inc (NYSE:GDDY) rating on Friday, August 7. Piper Jaffray has “Overweight” rating and $36 price target.

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: which released: “GoDaddy Inc. Announces Third Quarter 2016 Earnings Conference Call” on October 11, 2016. Also published the news titled: “Top Analyst Upgrades and Downgrades: DuPont, GoDaddy, Intel, Pandora, Wells …” on October 19, 2016.‘s news article titled: “CFO Moves: MPLX, GoDaddy Inc.” with publication date: October 07, 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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