In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on GoDaddy (GDDY), with a price target of $90. The company’s shares opened today at $74.23.
Khan noted:
“We note that revenue was up 14.7% on a FX neutral basis in 2Q vs 13.1% reported.”
According to TipRanks.com, Khan is a top 100 analyst with an average return of 21.1% and a 76.1% success rate. Khan covers the Technology sector, focusing on stocks such as Wix.com Ltd, trivago NV, and Yext Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GoDaddy with a $88.83 average price target.
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Based on GoDaddy’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $12.9 million. In comparison, last year the company had a net profit of $18.1 million.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Nima Kelly, the CLO of GDDY sold 348 shares for a total of $26,184.
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.
