Brokerage Firm Rating Update on GoDaddy (GDDY)

GoDaddy (GDDY) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

GoDaddy (GDDY) : 7 investment research analysts covering GoDaddy (GDDY) have an average price target of $37.07 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $34 for the short term. Analysts expect the variance to be within $1.74 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on GoDaddy (NYSE:GDDY). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $36 per share to $39 per share. The rating by the firm was issued on August 4, 2016.

GoDaddy (NYSE:GDDY): stock was range-bound between the intraday low of $32.19 and the intraday high of $33.04 after having opened at $33 on Wednesdays session. The stock finally closed in the red at $33, a loss of -2.50%. The stock remained in the red for the whole trading day. The total traded volume was 652,951 shares. The stock failed to cross $33.04 in Wednesdays trading. The stocks closing price on Thursday was $33.23.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.