Analyst Price Target Update on GoDaddy (NYSE:GDDY)

GoDaddy (NYSE:GDDY): The mean short term price target for GoDaddy (NYSE:GDDY) has been established at $36.14 per share. The higher price target estimate is at $38 and the lower price target estimate is expected at $33 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.57

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup downgrades its rating on GoDaddy (NYSE:GDDY). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Citigroup maintains a current price target of $35 per share. The rating by the firm was issued on June 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Rechterman Barbara J, officer (Chief Marketing Officer) of Godaddy Inc., had unloaded 20,000 shares at an average price of $32.06 in a transaction dated on June 7, 2016. The total value of the transaction was worth $641,200.

GoDaddy (NYSE:GDDY) : On Monday heightened volatility was witnessed in GoDaddy (NYSE:GDDY) which led to swings in the share price. The stock opened for trading at $31.76 and hit $33 on the upside , eventually ending the session at $32.45, with a gain of 2.5% or 0.79 points. The heightened volatility saw the trading volume jump to 1,334,371 shares. The 52-week high of the share price is $35.35 and the company has a market cap of $5,210 million. The 52-week low of the share price is at $21.04 .

GoDaddy Inc. operates a Web domain marketplace, The Company is a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Companys products include domain, hosting and presence, and business applications.

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