In a report released yesterday, Deepak Mathivanan from Barclays maintained a Buy rating on GoDaddy (NYSE: GDDY), with a price target of $77. The company’s shares closed yesterday at $68.85, close to its 52-week high of $69.74.
According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 18.8% and a 72.0% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.
Currently, the analyst consensus on GoDaddy is Strong Buy and the average price target is $73.55, representing a 6.8% upside.
In a report issued on May 7, Jefferies also reiterated a Buy rating on the stock with a $76 price target.
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GoDaddy’s market cap is currently $10.21B and has a P/E ratio of 175.55. The company has a Price to Book ratio of 18.63.
Based on the recent corporate insider activity of 180 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Kkr 2006 Gp Llc, a Major Shareholder at GDDY sold 5,000,000 shares for a total of $296,050,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.
