Analyst Rating Update on GoDaddy (GDDY)

GoDaddy (NYSE:GDDY) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 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 2, which is also a Buy.

GoDaddy (NYSE:GDDY) stock is expected to deviate a maximum of $1.49 from the average target price of $36.25 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $33.

For the current week, the company shares have a recommendation consensus of Buy.

GoDaddy (NYSE:GDDY): stock turned positive on Tuesday. Though the stock opened at $30.92, the bulls momentum made the stock top out at $31.42 level for the day. The stock recorded a low of $30.56 and closed the trading day at $30.83, in the green by 1.15%. The total traded volume for the day was 792,617. The stock had closed at $30.48 in the previous days trading.

In an insider trading activity,The officer (CFO and COO) of Godaddy Inc., Wagner Scott sold 8,000 shares at $32.66 on June 15, 2016. The Insider selling transaction had a total value worth of $261,280. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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