In a report released today, Trevor Young from Barclays maintained a Buy rating on GoDaddy (GDDY – Research Report), with a price target of $130.00. The company’s shares closed yesterday at $124.14.
Young covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, Etsy, and Chewy. According to TipRanks, Young has an average return of -2.8% and a 50.25% success rate on recommended stocks.
GoDaddy has an analyst consensus of Strong Buy, with a price target consensus of $133.28, representing a 7.36% upside. In a report released on April 22, Citi also assigned a Buy rating to the stock with a $139.00 price target.
GDDY market cap is currently $17.58B and has a P/E ratio of 12.89.
Based on the recent corporate insider activity of 65 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 (GDDY) Company Description:
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.
