GoDaddy price target raised to $190 from $170 at B. Riley

B. Riley analyst Naved Khan raised the firm’s price target on GoDaddy (GDDY) to $190 from $170 and keeps a Buy rating on the shares. GoDaddy’s Q3 revenue and EBITDA slightly beat expectations, driven by strength in the A&C segment, which more than offset weakness in the aftermarket, the analyst tells investors in a research note. The deployment of GenAI-powered Airo to all customer on-ramps and the expansion of bundling and pricing initiatives should help strengthen and extend the growth runway for GoDaddy, the firm says.