GoDaddy price target raised to $224 from $175 at JPMorgan

JPMorgan raised the firm’s price target on GoDaddy (GDDY) to $224 from $175 and keeps an Overweight rating on the shares following the investor day. While the free version of Airo has been an catalyst of cross-sell, Airo Plus can be discretely monetized, the analyst tells investors in a research note. The firm says the even provides greater confidence in the long-term trajectory of GoDaddy’s Application and Commerce segment, which is also the higher-margin side of the business.