GoDaddy price target raised to $190 from $175 at RBC Capital

RBC Capital raised the firm’s price target on GoDaddy (GDDY) to $190 from $175 and keeps an Outperform rating on the shares. The company delivered another sterling quarter but with plenty yet to come as its Apps & Commerce bundling continues driving bookings acceleration, and its Airo successfully engaging new/likely incremental customer adoption with distribution still very early innings, the analyst tells investors in a research note.