GoDaddy (GDDY) Shares Soar 1.83% on Sixth Consecutive Gain
1min read GoDaddy (GDDY) shares surged 1.83% today, marking the sixth consecutive day of gains, with a cumulative increase of 14.07% over the past six days. The stock price reached its highest level since February 2025, with an intraday gain of 1.95%.
Analyst Mark Zgutowicz from Benchmark has adjusted the price target for godaddy from $275 to $250, while maintaining a Buy rating. This revision reflects the market's expectations and sentiment regarding GoDaddy's financial performance, which could influence investor decisions.
GoDaddy is scheduled to release its first-quarter 2025 earnings report on May 1, with projected revenues ranging from $1.175 billion to $1.195 billion. This upcoming report is anticipated to shape investor expectations and impact the stock's short-term performance.
Despite a slight premarket decline, GoDaddy has received a reaffirmed Buy rating, indicating potential growth opportunities through increased Average Revenue Per User (ARPU) driven by new product integrations and advancements in AI efficiencies. This positive outlook could attract more investors to the stock.
According to industry analysts, the average one-year target price for GoDaddy is $216.10, suggesting a potential upside of 17.83% from the current trading price. This consensus among analysts can influence investor sentiment and the overall valuation of the stock.
Ask Aime: "GoDaddy's stock is on a roll, what's next?"
GuruFocus estimates indicate a potential downside of 35.83% with the GF Value metric, highlighting a divergence in analyst opinions about GoDaddy's future performance. This discrepancy may contribute to volatility in the stock price as investors weigh different perspectives.
