GoDaddy Inc (NYSE:GDDY): Monness Crespi Reconfirms Buy Rating Today, Has a Target of $38.00/Share

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GoDaddy Inc (NYSE:GDDY) Rating Reaffirmed

GoDaddy Inc (NYSE:GDDY) just had their share rating of a ‘Buy’ issued by research analysts at Monness Crespi, who now has a $38.00 Estimated Target Price on the $5.25 billion market cap company or a 10.59% upside potential. This key information was revealed to clients and investors in analysts note on Friday, 18 December.

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 6.45% above today’s ($34.13) 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 increased 1.13% or $0.38 during the last trading session, striking $34.13. Approximately 823,229 shares of stock traded hands or 21.01% up from the average. 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 $5.25 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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