UBS raised the firm’s price target on GoDaddy (GDDY) to $225 from $172 and keeps a Neutral rating on the shares. The firm feels GoDaddy’s fiscal 2025 nEBITDA margin guidance for “at least 100 basis points” of leverage appears conservative, the analyst tells investors in a research note. While UBS likes that FY25 will represent a shift in GoDaddy’s focus on pricing and bundling towards presence products and specific customers in the hosting business, the firm struggles with valuation, but finds the consistent execution “hard to dispute.”
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Read More on GDDY:
- GoDaddy price target raised to $225 from $220 at B. Riley
- GoDaddy price target raised to $177 from $176 at Piper Sandler
- GoDaddy’s Strong Revenue Growth and Profitability Metrics Earns Buy Rating from Analyst Arjun Bhatia
- GoDaddy price target raised to $228 from $227 at Morgan Stanley
- GoDaddy price target raised to $243 from $235 at Barclays
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