Rosenblatt Securities Believes GoDaddy (GDDY) Won’t Stop Here


In a report released today, Mark Zgutowicz from Rosenblatt Securities reiterated a Buy rating on GoDaddy (GDDY), with a price target of $96.00. The company’s shares closed last Tuesday at $79.04, close to its 52-week high of $85.46.

According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 38.6% and a 72.8% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Pinterest, and Facebook.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GoDaddy with a $95.31 average price target, which is a 22.9% upside from current levels. In a report issued on August 2, RBC Capital also maintained a Buy rating on the stock with a $93.00 price target.

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The company has a one-year high of $85.46 and a one-year low of $40.25. Currently, GoDaddy has an average volume of 1.6M.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GDDY in relation to earlier this year.

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.

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