Across the recent three months, 12 analysts have shared their insights on GoDaddy GDDY, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 5 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $211.92, a high estimate of $251.00, and a low estimate of $176.00. Witnessing a positive shift, the current average has risen by 13.43% from the previous average price target of $186.83.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive GoDaddy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Josh Beck | Raymond James | Raises | Strong Buy | $230.00 | $185.00 |
| Elizabeth Elliott | Morgan Stanley | Raises | Equal-Weight | $227.00 | $189.00 |
| Ygal Arounian | Citigroup | Raises | Buy | $251.00 | $240.00 |
| Brent Thill | Jefferies | Raises | Buy | $200.00 | $170.00 |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $224.00 | $175.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $230.00 | $190.00 |
| Vikram Kesavabhotla | Baird | Raises | Outperform | $225.00 | $200.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $190.00 | $175.00 |
| Naved Khan | B. Riley Securities | Raises | Buy | $190.00 | $170.00 |
| Mark Zgutowicz | Benchmark | Raises | Buy | $200.00 | $186.00 |
| Vikram Kesavabhotla | Baird | Raises | Outperform | $200.00 | $190.00 |
| Clarke Jeffries | Piper Sandler | Raises | Neutral | $176.00 | $172.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to GoDaddy. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of GoDaddy compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for GoDaddy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of GoDaddy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on GoDaddy analyst ratings.
Delving into GoDaddy's Background
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.
GoDaddy: A Financial Overview
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, GoDaddy showcased positive performance, achieving a revenue growth rate of 7.28% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: GoDaddy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 16.6%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 74.17%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): GoDaddy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.42% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 10.97, GoDaddy faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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