Price Don’t Lie: How Analysts Feel About Godaddy Inc After Touching 52-Week High?

Price Don't Lie: How Analysts Feel About Godaddy Inc After Touching 52 Week High?

The stock of Godaddy Inc (NYSE:GDDY) hit a new 52-week high and has $37.92 target or 3.00% above today’s $36.82 share price. The 6 months bullish chart indicates low risk for the $6.17 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $37.92 price target is reached, the company will be worth $185.10M 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 243,786 shares traded hands. Godaddy Inc (NYSE:GDDY) has risen 20.70% since April 22, 2016 and is uptrending. It has outperformed by 15.29% the S&P500.

Analysts await Godaddy Inc (NYSE:GDDY) to report earnings on February, 15. GDDY’s profit will be $10.06M for 153.38 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share reported by Godaddy Inc for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Godaddy Inc (NYSE:GDDY) Ratings Coverage

Out of 15 analysts covering GoDaddy Inc (NYSE:GDDY), 11 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 73% are positive. GoDaddy Inc has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Monness Crespi & Hardt on Friday, December 18. Deutsche Bank maintained it with “Buy” rating and $42 target price in Tuesday, October 18 report. The rating was initiated by Barclays Capital with “Buy” on Friday, August 7. B. RIley initiated it with “Neutral” rating and $33 target price in Friday, April 15 report. As per Thursday, November 5, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 4. Cantor Fitzgerald initiated Godaddy Inc (NYSE:GDDY) on Wednesday, October 19 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 22 by UBS. Oppenheimer maintained the shares of GDDY in a report on Thursday, August 6 with “Outperform” rating. As per Tuesday, April 5, the company rating was initiated by Singular Research.

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: Marketwatch.com which released: “GoDaddy downgraded to neutral from buy on valuation concerns” on November 01, 2016. Also Reuters.com published the news titled: “GoDaddy in exclusive talks to buy Host Europe: sources” on November 24, 2016. Seekingalpha.com‘s news article titled: “GoDaddy in talks to buy Host Europe” with publication date: November 25, 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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