Short interest for GoDaddy gives investors a sense of the degree to which investors are betting on the decline of GoDaddy's stock. Short interest data is updated every two weeks.

GoDaddy Stock (NYSE:GDDY), Short Interest Report

GoDaddy

GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.

Screenshot 2024-04-08 at 10.28.00 PM

Long Ideas

Short Ideas

Trading Ideas

ETFs

CHRD

GDDY

ISCB

MKSI

SCAP

Small-Cap Companies Can Offer Promise Of High Returns, But How Does One Find Winners Given The Risks Involved? A Look Inside Infracap&#39;s SCAP ETF

News

Price Target

Markets

Analyst Ratings

MASI

MNDY

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Disney To Rally Around 17%? Here Are 10 Top Analyst Forecasts For Monday

Small Cap

Economics

A month has gone by since the last earnings report for GoDaddy (NYSE:GDDY). Shares have added about 5.5% in that time frame, outperforming the S&amp;P 500.

GoDaddy (GDDY) Up 5.5% Since Last Earnings Report: Can It Continue?

GoDaddy Inc

UBS analyst Chris Kuntarich maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Neutral and raises the price target from $118 to $130.

UBS Maintains Neutral on GoDaddy, Raises Price Target to $130

RBC Capital analyst Brad Erickson maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $124 to $145.

RBC Capital Maintains Outperform on GoDaddy, Raises Price Target to $145

Morgan Stanley analyst Elizabeth Elliott maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Equal-Weight and raises the price target from $132 to $137.

Morgan Stanley Maintains Equal-Weight on GoDaddy, Raises Price Target to $137

Benchmark analyst Mark Zgutowicz maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Buy and raises the price target from $150 to $158.

Benchmark Maintains Buy on GoDaddy, Raises Price Target to $158

Evercore ISI Group analyst Mark Mahaney maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a In-Line and raises the price target from $110 to $135.

Evercore ISI Group Maintains In-Line on GoDaddy, Raises Price Target to $135

Barclays analyst Trevor Young maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Overweight and raises the price target from $130 to $150.

Barclays Maintains Overweight on GoDaddy, Raises Price Target to $150

Guidance

GoDaddy Sees FY24 Revenue $4.50B-$4.56B Vs $4.521B Est.

GoDaddy Sees Q2 2024 Revenue $1.10B-$1.12B Vs $1.114B Est.

GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.96 by 3.13 percent. The company reported quarterly sales of $1.109 billion which beat the analyst consensus estimate of $1.097 billion by 1.11 percent. This is a 7.05 percent increase over sales of $1.036 billion the same period last year.

Earnings

Earnings Beats

GoDaddy Q1 2024 Adj EPS $0.99 Beats $0.96 Estimate, Sales $1.109B Beat $1.097B Estimate

Benchmark analyst Mark Zgutowicz reiterates GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Buy and maintains $150 price target.

Reiteration

Benchmark Reiterates Buy on GoDaddy, Maintains $150 Price Target

Small businesses can now stay on top of their emails from one convenient place
TEMPE, Ariz., April 30, 2024 /PRNewswire/ --&nbsp;Missing messages from customers can lead to big losses for a small business. That's why GoDaddy Conversations, a unified inbox and second phone number app, now incorporates Gmail and Microsoft 365 emails in one convenient place.&nbsp;
This means small business operators can much more easily track conversations across channels, provide quicker responses, and help keep customers more satisfied.&nbsp;
GoDaddy Conversations already helps small businesses manage all of their communication channels and provides them with the ability to seamlessly view and reply to messages that come in from Facebook, Instagram, Contact Forms and Chat. Now, those with Gmail or Microsoft 365 email can also access their inbox from the same spot.&nbsp;
For entrepreneurs, this means less time spent switching between platforms or searching for emails and more time to invest back in their business.&nbsp;
Small business owners can sign up for <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4152253-1&amp;h=1302257647&amp;u=https%3A%2F%2Fwww.godaddy.com%2Fconversations&amp;a=GoDaddy+Conversations">GoDaddy Conversations</a> or access it from their <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4152253-1&amp;h=2131686234&amp;u=https%3A%2F%2Fwww.godaddy.com%2Fwebsites%2Fwebsite-builder%2Fplans-and-pricing&amp;a=Websites+%2B+Marketing">Websites + Marketing</a> account today to get started.&nbsp;

GOOG

GOOGL

MSFT

GoDaddy integrates Gmail And Microsoft 365 Into Conversations

GoDaddy Will Serve as Upwork's First Web Presence Partner
TEMPE,&nbsp;Ariz., April 17, 2024 /PRNewswire/ -- According to Upwork, website design and development as well as graphic design are among the most in-demand services on its work marketplace. In an effort to increase work opportunities for web designers and developers, GoDaddy&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) today announced it will join the new <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=4284471451&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpartners&amp;a=Upwork+">Upwork </a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=408720655&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpartners&amp;a=Partner">Partner</a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=1965279696&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpartners&amp;a=s">s</a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=2678396082&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpartners&amp;a=p">p</a><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=2864464604&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpartners&amp;a=rogram">rogram</a>&nbsp;as the first web presence partner.
The Upwork Partners program includes Upwork Partner Experts, through which partners can provide their customers direct access to a curated set of trusted expert independent professionals deeply experienced in working with the partner's technologies. The GoDaddy Experts page on Upwork spotlights available GoDaddy WordPress and web development experts within the global network of independent talent available on Upwork (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>).
Businesses looking for web services can browse the GoDaddy Experts page and find a freelancer with specialties that fit their project's needs—for example, someone with extensive WordPress knowledge, experience with GoDaddy's Website + Marketing website builder, and even down to industry or vertical specialization.
Freelancers featured on the GoDaddy Experts page on Upwork will be vetted to ensure they meet GoDaddy's criteria, which will build more consumer trust as well as higher quality leads to help freelancers land more clients and grow their business.
To support their professional journey, GoDaddy will also offer exclusive deals on GoDaddy products for registered freelancers on Upwork, assisting them in gaining more experience with GoDaddy products and solutions for web development.
Customers, web designers and developers can browse the GoDaddy Experts page on Upwork&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4142903-1&amp;h=2907329941&amp;u=https%3A%2F%2Fwww.upwork.com%2Fpros%2Fgodaddy%3Futm_medium%3DAffiliate%26utm_source%3Dgodaddy%26utm_campaign%3DAFF_godaddy_PSHP_pr&amp;a=here">here</a>.

UPWK

GoDaddy And Upwork Partner To Funnel More Opportunities To Web Designers And Developers

Small-cap companies are often overlooked by institutional and retail investors alike. They lack the sheen and popularity of the big names and often carry higher-than-average risk. Still, this volatility-related risk can be mitigated with a smart, active and well-diversified investing approach, and the returns can be lucrative.
That is exactly what the team at Infrastructure Capital Advisors aims to do with its InfraCap Small Cap Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCAP#NYSE">SCAP</a>). <a href="https://www.benzinga.com/profile/infrastructure-capital-advisors">The fund invests in a diverse</a> set of small-cap companies seeking "above average yield" and "total return through a blended approach of capital appreciation and current income."
<h2 class="wp-block-heading">An Active Approach</h2>
Success in small-cap investing requires constant research and tireless effort in order to stay ahead of the curve. Infracap drives investing decisions using a mix of quantitative and qualitative analysis. This analysis allows the team to potentially surpass passive benchmarked funds that cannot adjust to changes in the market.
<h2 class="wp-block-heading">Tax Benefits</h2>
Traders who attempt to actively manage their own portfolio of small-cap investments can also run into myriad tax issues. Rather than selling securities, <a href="https://www.infracapfund.com/scap">the structure of SCAP</a> allows for an "in-kind" mechanism to meet redemptions. This means the ETF can avoid realizing capital gains, providing a favorable tax structure.
<h2 class="wp-block-heading">Performance</h2>
Although past performance is no guarantee of future performance, it is worth taking a look at SCAP's track record compared to passive small-cap alternatives. SCAP has risen 4.68% in 2024 so far. In contrast, the Russell 2000 Index has gained 3.13%, and the iShares Morningstar Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ISCB#NYSE">ISCB</a>) is up only 2.09%.
<h3 class="wp-block-heading">Holdings</h3>
SCAP has 69 holdings, making it more targeted than many of its passive competitors. The fund's top ten holdings make up 38.2% of the fund.
SCAP's current 5 largest holdings are as follows:
<ol>
<li>iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) – 14.20% of the fund – This ETF is passively benchmarked to the Russell 2000 Index.</li>
<li>MKS Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) – 3.13% of the fund – MKS is a supplier of technologies critical for semiconductor manufacturing.</li>
<li>Chord Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>) – 2.96% of the fund – Chord is an energy exploration company operating in the Williston Basin of North Dakota and Montana.</li>
<li>GoDaddy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) – 2.94% of the fund – GoDaddy is a technology company providing domain registry and web hosting services.</li>
<li>Herc Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) – 2.88% of the fund – Herc is a construction and industrial equipment rental company.</li>
</ol>
Featured photo by<a href="https://unsplash.com/@markuswinkler?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash"> Markus Winkler</a> on<a href="https://unsplash.com/photos/black-and-silver-laptop-computer-IrRbSND5EUc?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash"> Unsplash</a>.

Small-Cap Companies Can Offer Promise Of High Returns, But How Does One Find Winners Given The Risks Involved? A Look Inside Infracap's SCAP ETF

JP Morgan analyst Alexei Gogolev maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Overweight and raises the price target from $128 to $136.

JP Morgan Maintains Overweight on GoDaddy, Raises Price Target to $136

GoDaddy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) short percent of float has risen 4.48% since its last report. The company recently reported that it has 2.56 million shares sold short, which is 2.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GoDaddy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711978218_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GoDaddy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing GoDaddy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GoDaddy's peer group average for short interest as a percentage of float is 6.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About GoDaddy?

Raymond James analyst Josh Beck reinstates GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Strong Buy and announces $150 price target.

Initiation

Raymond James Reinstates Strong Buy on GoDaddy, Announces $150 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Stephens &amp; Co. cut the price target for Centene Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnc#NYSE">CNC</a>) from $92 to $85. Stephens &amp; Co. analyst Scott Fidel downgraded the stock from Overweight to Equal-Weight. Centene shares fell 0.3% to close at $76.93 on Friday. <a href="https://www.benzinga.com/quote/CNC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities boosted the price target for Simon Property Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) from $139 to $147. Truist Securities analyst Ki Bin Kim maintained a Hold rating. Simon Property shares fell 2.5% to close at $151.86 on Friday. <a href="https://www.benzinga.com/quote/SPG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital increased FactSet Research Systems Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fds#NYSE">FDS</a>) price target from $447 to $458. BMO Capital analyst Jeffrey Silber maintained a Market Perform rating. FactSet Research shares fell 0.7% to close at $447.46 on Friday. <a href="https://www.benzinga.com/quote/FDS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for GoDaddy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>) from $130 to $150. Baird analyst Vikram Kesavabhotla maintained an Outperform rating. GoDaddy shares gained 1.1% to close at $121.62 on Friday. <a href="https://www.benzinga.com/quote/GDDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Masimo Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/masi#NASDAQ">MASI</a>) price target from $125 to $148. Stifel analyst Rick Wise maintained a Hold rating. Masimo shares rose 1.4% to close at $134.93 on Friday. <a href="https://www.benzinga.com/quote/MASI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted the price target for Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>) from $28 to $32. Evercore ISI Group analyst Michael Binetti upgraded the stock from In-Line to Outperform. Foot Locker shares gained 3.1% to close at $24.39 on Friday. <a href="https://www.benzinga.com/quote/FL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo increased Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) price target from $70 to $80. Wells Fargo analyst Mike Mayo maintained an Overweight rating. Citigroup shares fell 0.8% to close at $60.82 on Friday. <a href="https://www.benzinga.com/quote/C/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays boosted The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) price target from $95 to $135. Barclays analyst Kannan Venkateshwar upgraded the stock from Equal-Weight to Overweight. Disney shares fell 0.7% to close at $115.87 on Friday. See how other analysts view this stock.</li>
<li>JP Morgan raised monday.com Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mndy#NASDAQ">MNDY</a>) price target from $230 to $270. JP Morgan analyst Pinjalim Bora maintained an Overweight rating. monday.com shares fell 0.6% to close at $228.00 on Friday. <a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised Tempur Sealy International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpx#NYSE">TPX</a>) price target from $50 to $75. Loop Capital analyst Laura Champine upgraded the stock from Hold to Buy. Tempur Sealy shares fell 2.1% to close at $54.89 on Friday. <a href="https://www.benzinga.com/quote/TPX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37908156/dada-nexus-salarius-pharmaceuticals-and-3-stocks-to-watch-heading-into-monday"> Dada Nexus, Salarius Pharmaceuticals And 3 Stocks To Watch Heading Into Monday </a>

Baird analyst Vikram Kesavabhotla maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $130 to $150.

Baird Maintains Outperform on GoDaddy, Raises Price Target to $150

A month has gone by since the last earnings report for GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/gddy#NYSE">GDDY</a>). Shares have added about 5.5% in that time frame, outperforming the S&amp;P 500.
Will the recent positive trend continue leading up to its next earnings release, or is GoDaddy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let&#39;s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
<h3>GoDaddy Q4 Earnings Beat Estimates, Revenues Rise Y/Y</h3>
GoDaddy fourth-quarter 2023 adjusted earnings of $1.08 per share beat the Zacks Consensus Estimate by 4.85%. The bottom line jumped 74.2% year over year.
GDDY generated revenues of $1.10 billion, lagging the Zacks Consensus Estimate by 0.11%. Revenues rose 5.8% year over year on a reported basis, as well as a constant-currency (cc) basis.
<h3>Quarter in Detail</h3>
Applications &amp; Commerce, comprising Websites + Marketing, Managed WordPress, productivity applications, and payments &amp; commerce, generated $377.4 million (contributing 34.3% to the total revenues), up 13.2% on a year-over-year basis. The figure beat the consensus mark by 0.23%.
Core Platform, consisting of domains, aftermarket, hosting and security, increased 2.3% year over year to $722.9 million (contributing 65.7% to the total revenues). The figure missed the consensus mark by 0.26%.
In the fourth quarter, international revenues were $354 million, up 4% year over year on a reported basis and at cc.
Total bookings of $1.1 billion increased 7% year over year and 6% at cc. The figure beat the consensus mark by 0.61%.
Average revenues per user were $203, up 3% year over year. The figure beat the Zacks Consensus Estimate by 0.5%.
Total annualized recurring revenues (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arr#NYSE">ARR</a>) were $3.69 billion, up 3.4% year over year. In the reported quarter, Applications &amp; Commerce ARR was $1.4 billion, rising 10% year over year. Core platform ARR totaled $2.3 billion, flat year over year.
Total customers at the end of the fourth quarter were 21,026, increasing 0.6% year over year.
<h3>Operating Results</h3>
On a non-GAAP basis, normalized EBITDA in the fourth quarter was $324.2 million, up 22% year over year.
Operating expenses (technology and development, marketing and advertising, customer care, and general and administrative) of $458.3 million declined 3.5% year over year. As a percentage of revenues, operating expenses contracted 400 basis points (bps) year over year to 41.7%.
Operating income was $189.9 million, up 40.8% year over year. As a percentage of revenues, operating income expanded 430 bps year over year to 17.3%.
<h3>Balance Sheet &amp; Cash Flow</h3>
As of Dec 31, 2023, cash and cash equivalents were $498.8 million compared with $329.2 million as of Sep 30, 2023.
As of Dec 31, 2023, GoDaddy had a total debt of $3.82 billion compared with a total debt of $3.9 billion as of Sep 30, 2023.
The unlevered free cash flow grew 46% to $347 million, whereas the free cash flow rose 51% to $305 million in the reported quarter.
<h3>Guidance</h3>
For first-quarter 2024, GoDaddy expects revenues of $1.085-$1.105 billion, indicating year-over-year growth of 6% at the mid-point.
For the first quarter, GDDY expects the normalized EBITDA margin to be 27%.
For 2024, GoDaddy expects total revenues of $4.48-$4.56 billion.
The normalized EBITDA margin for the full year is expected to be 29%.
For 2024, GoDady anticipates an unlevered free cash flow of at least $1.2 billion.
&nbsp;
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended upward during the past month.
VGM Scores
Currently, GoDaddy has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren&#39;t focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. It comes with little surprise GoDaddy has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
&nbsp;
<a href="https://www.zacks.com/stock/news/2240834/godaddy-gddy-up-5-5-since-last-earnings-report-can-it-continue?cid=CS-BENZ-FT-realtime_blog-2240834">To read this article on Zacks.com click here.</a>

Morgan Stanley analyst Elizabeth Elliott maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Equal-Weight and raises the price target from $120 to $132.

Morgan Stanley Maintains Equal-Weight on GoDaddy, Raises Price Target to $132

GoDaddy GAAP EPS of $2.76, revenue of $1.11B

GoDaddy Inc. 2024 Q1 - Results - Earnings Call Presentation

GoDaddy Inc. (GDDY) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
GoDaddy (NYSE:<a href="https://investorplace.com/stock-quotes/gddy-stock-quote/">GDDY</a>) just reported results for the first quarter of 2024.<ul><li>GoDaddy reported earnings per share of 99 cents. This was above the analyst estimate for EPS of 96 cents.</li><li>The company reported revenue of $1.11 billion.</li><li>This was 0.82% better than the analyst estimate for revenue of $1.10 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/gddy-stock-earnings-godaddy-for-q1-of-2024/">GDDY Stock Earnings: GoDaddy Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GDDY Stock Earnings: GoDaddy Beats EPS, Beats Revenue for Q1 2024

William Blair analyst Arjun Bhatia has maintained their bullish stance on GDDY stock, giving a Buy rating on May 1. Arjun Bhatia has given his Buy ...

GoDaddy Outperform Rating Maintained: Strong Q1 Results and Promising Product Developments Signal Growth

RBC Capital analyst Brad Erickson maintained a Buy rating on GoDaddy (GDDY – Research Report) today and set a price target of $145.00. The company'...

RBC Capital Reaffirms Their Buy Rating on GoDaddy (GDDY)

In a report released today, Clarke Jeffries from Piper Sandler maintained a Buy rating on GoDaddy (GDDY – Research Report), with a price target of ...

GoDaddy (GDDY) Gets a Buy from Piper Sandler

Oppenheimer analyst Kenneth Wong maintained a Hold rating on GoDaddy (GDDY – Research Report) today. The company's shares closed yesterday at $124....

Oppenheimer Keeps Their Hold Rating on GoDaddy (GDDY)

GoDaddy demonstrates some giddy up in latest earnings report

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s a known fact that <a href="https://investorplace.com/industries/technology/">tech stocks</a> can turbocharge your portfolio. The sector tends to outperform during bull runs, raking in ridiculous returns. The recent AI boom has many companies reaching new heights, and I think the sector still has <a href="https://investorplace.com/2024/04/3-must-watch-ai-stocks-with-massive-long-haul-potential/">plenty of room to mature.</a>&nbsp;



Still, prudent investors must be careful when picking their tech stocks, as runaway valuations are possible. With the help of certain screening methods, investors looking for the best tech stocks out there have ways of figuring out which ones deserve a buy.&nbsp;



To come up with the list, I screened for undervalued tech companies with the following metrics:



<ul><li>Positive year-to-date (YTD) returns</li>



<li>12-month forward PE lower than the S&amp;P 500 Information Technology estimated average of <a href="https://en.macromicro.me/collections/5749/industry-forward-pe-ratio/48243/s5cond-forward-pe-ratio">27.3</a></li>
</ul>I sorted the companies based on their YTD performance from lowest to highest to find the best tech stocks to buy that can turbocharge your portfolio.&nbsp;



<h2>GoDaddy (GDDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/gddy-1600-300x169.jpg" alt="GoDaddy website"><div>Source: dennizn / Shutterstock.com</div></div>Known for its domain registry and website-building capability, GoDaddy (NYSE:<a href="https://investorplace.com/stock-quotes/gddy-stock-quote/">GDDY</a>) offers its businesses, entrepreneurs, organizations and developers a one-stop-shop solution to build and host websites. The company operations are split into two main segments:



<ul><li>Core Platform (Core): offers domain renewal, sales and aftermarket sale of domains</li>



<li>Applications and Commerce (A&amp;C): offers the company&rsquo;s website building products, proprietary software, email and productivity solutions</li>
</ul>GoDaddy recently released the <a href="https://www.godaddy.com/resources/news/godaddy-launches-govalue-api-subscription-service">GoValue API</a> subscription service, allowing its customers to use its machine-learning model trained on over 65 million data points and generate a market value for a domain using the company&rsquo;s collection of Afternic and GoDaddy domain transactions.



In addition, the company announced <a href="https://aboutus.godaddy.net/newsroom/news-releases/press-release-details/2024/GODADDY-REPORTS-STRONG-FOURTH-QUARTER-AND-FULL-YEAR-2023-RESULTS/default.aspx">GoDaddy Airo,</a> which allows clients to use generative AI to assist them in their online ventures and quickly build their logos, websites and more.



Looking at GoDaddy&rsquo;s FY&rsquo;23 results, we can see why the company is gaining momentum. Application and commerce revenue grew 13% year-over-year (YOY), while net income grew by 295%, reaching $1.4 billion.&nbsp;



With a 12-month forward of <a href="https://www.nasdaq.com/market-activity/stocks/gddy">25.22,</a> this undervalued gem offers investors a chance to turbocharge their portfolio performance.&nbsp;



<h2>Karooooo (KARO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600c-300x169.jpg" alt="APPS stock: A digital illustration of software icons surrounding a cellphone."><div>Source: Shutterstock</div></div>Karooooo (NASDAQ:<a href="https://investorplace.com/stock-quotes/karo-stock-quote/">KARO</a>) is a fleet management software firm based in Singapore that offers a cloud-based platform for on-the-ground logistics operations. The company&rsquo;s operations are divided into three segments:



<ul><li>Logistics: software applications for general operational logistics and last-mile delivery management</li>



<li>Carzuka: e-commerce and physical marketplace to buy and sell vehicles</li>



<li>Cartrack: system integration, field worker management, and fleet administration</li>
</ul>The company has gained momentum, with KARO stock up 19% YTD. Here&rsquo;s why I think it will continue.&nbsp;



The company reported a <a href="https://www.karooooo.com/pdf/2022/KARO_6-K%20Q3%20FY24_20240122.pdf">strong Q3&rsquo;24,</a> with total revenue growing 16% YOY and consolidated EPS growth of 35%. These results were driven by solid results from Cartrack&rsquo;s subscriber base increase, growth in annual recurring revenue and Carzuka&rsquo;s earnings growth.&nbsp;



With a 12-month forward PE of <a href="https://www.nasdaq.com/market-activity/stocks/karo">24.07,</a> Karooooo offers an attractive proposition for investors looking to add tech stocks to grow their portfolio. So, to take advantage of the tech sector&rsquo;s strong performance, keep KARO stock on your watchlist.



<h2>Dell Technologies (DELL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/dell-stock-1-300x169.jpg" alt="A Dell (DELL) office in Santa Clara, California."><div>Source: Ken Wolter / Shutterstock.com</div></div>If you are a tech enthusiast, you know Dell Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>). Dell operates in two primary segments:



<ul><li>Infrastructure Solutions Group (ISG): offers digital transformation using artificial intelligence, cloud environments and machine learning</li>



<li>Client Solutions Group (CSG): offers notebook computers, workstations, desktops and peripherals</li>
</ul>The company has made various strides in taking advantage of the AI boom with its <a href="https://www.dell.com/en-us/dt/solutions/artificial-intelligence/index.htm#accordion0&amp;tab0=0">AI solutions.</a> Its recent announcement about strengthening its collaboration with Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) aims to strengthen the global adoption of AI for enterprises.&nbsp;



With the global push for AI, it&rsquo;s no wonder the company has gained strong momentum, with DELL stock up 64% YTD.&nbsp;



Looking at its financials, overall revenue for FY&rsquo;24 decreased. Conversely, diluted earnings per share increased by <a href="https://investors.delltechnologies.com/static-files/12b9be7b-2d4c-4d63-b7d3-8bb467724952">35% YOY.</a> In addition, the company has announced a 20% increase in annual cash dividends to $1.78 per share, highlighting confidence in its cash flow capabilities and business.&nbsp;



Despite the market view that tech companies are overvalued, DELL stock&rsquo;s 12-month forward PE is still trading around <a href="https://finance.yahoo.com/quote/DELL/key-statistics">16.39.</a> If you&rsquo;re looking for tech stocks to buy and turbocharge your portfolio, Dell should be on your list.



On the date of publication, Rick Orford did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/buy-now-or-regret-later-3-tech-stocks-ready-to-take-off/">Buy Now or Regret Later: 3 Tech Stocks Ready to Take Off</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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GoDaddy Stock (NYSE:GDDY), Short Interest Report

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