New York: GoDaddy (NYSE:GDDY) Stock Has Just Had Its Buy Rating Reiterated by Monness Crespi & Hardt. Shares now Have a $38 Target

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GoDaddy (NYSE:GDDY) Rating Reaffirmed

Monness Crespi & Hardt now has a $38 target price per share on the $5.34 billion market cap company or 12.79% upside potential. In a recent report released on Friday morning, GoDaddy (NYSE:GDDY) shares have had their Buy Rating has decided to restate by equity research analysts at Monness Crespi & Hardt.

From a total of 12 analysts covering GoDaddy Inc (NYSE:GDDY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $42 while the lowest target price is $30. The mean of all analyst targets is $36.25 with a 7.84% above today’s ($33.69) stock price. GoDaddy Inc was the topic of 16 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 5 with “Buy” rating. Piper Jaffray maintained shares with “Overweight” rating and $36 target share price in a report from an August 7. RBC Capital Markets maintained GDDY stock in a recent report from November 5 with “Outperform” rating. Finally, Monness Crespi & Hardt initiated the stock with “Buy” rating in a report issued on an August 12.

The stock decreased 1.61% or $0.55 on December 17, striking $33.69. Approximately shares of stock traded hands. Godaddy Inc (NYSE:GDDY) has risen 27.08% since May 15, 2015 and is uptrending. It has outperformed by 30.89% the S&P500.

GoDaddy Inc. operates a Web domain marketplace, godaddy.com. The company has a market cap of $5.34 billion. The Firm is a technology well-known provider to small businesses, Web design professionals and individuals, delivering cloud products and outcome-driven, personalized Customer Care. It currently has negative earnings. The Firm operates domain marketplace, where its clients can find that piece of digital real estate that matches their idea.

According to Zacks Investment Research, “GoDaddy, Inc. is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The Company’s products include domain, hosting and presence and business applications. GoDaddy, Inc. is headquartered in Scottsdale, Arizona.”

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