In a report released today, Mark Zgutowicz from Rosenblatt Securities initiated coverage with a Buy rating on GoDaddy (GDDY) and a price target of $88.00. The company’s shares closed last Monday at $62.19.
According to TipRanks.com, Zgutowicz is a 4-star analyst with an average return of 9.0% and a 47.5% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Trade Desk, and Criteo SA.
GoDaddy has an analyst consensus of Strong Buy, with a price target consensus of $88.88.
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The company has a one-year high of $82.30 and a one-year low of $58.00. Currently, GoDaddy has an average volume of 1.38M.
Based on the recent corporate insider activity of 97 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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