GoDaddy price target raised to $228 from $227 at Morgan Stanley

Morgan Stanley raised the firm’s price target on GoDaddy (GDDY) to $228 from $227 and keeps an Equal Weight rating on the shares. Strong Q4 results with durable bookings versus FY25 guidance “light of buyside” expectations raises a debate on conservatism or if investors must be patient, says the analyst, who looks to build confidence in growth contribution driving upside to Street estimates with ramping growth initiatives likely to take time.