GoDaddy (GDDY) Receives Price Target

GoDaddy (GDDY) : The highest level GoDaddy (GDDY) is projected to reach is $39 for the short term and the lowest estimate is at $34. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $37.07 and the possibility the share price can swing is $1.74.

GoDaddy (GDDY) : Zacks Investment Research ranks GoDaddy (GDDY) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.75, which indicates as a Buy.


Also, Brokerage firm Deutsche Bank maintains its rating on GoDaddy (NYSE:GDDY). As per the latest information, the brokerage house raises the price target to $39 per share from a prior target of $36. The shares have been rated Buy. The rating by the firm was issued on August 4, 2016.

GoDaddy (NYSE:GDDY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.38 and $32.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.60, notching a gain of 0.68% for the day. The total traded volume was 625,554 . The stock had closed at $32.38 on the previous day.

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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