Piper Sandler raised the firm’s price target on GoDaddy (GDDY) to $177 from $176 and keeps a Neutral rating on the shares. While mid-teens A&C growth for 2025 was better than the firm expected, Piper anticipates investor focus following the print will be on 7% FY25 revenue growth despite 9.7% constant-currency bookings growth in 2024, free cash flow returning to low double-digit growth after 25% growth in 2024, and anticipated bookings growth in A&C plus core platform over the course of 2025, if monetization and bundling efforts may lag in recognized revenue.
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