GoDaddy (GDDY) Shares Soar 12.02% in Five Days Ahead of Earnings

GoDaddy (GDDY) shares surged 0.91% today, marking the fifth consecutive day of gains, with a 12.02% increase over the past five days. The stock price reached its highest level since February 2025, with an intraday gain of 1.06%.

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 analyst's updated valuation of the company and could sway investor sentiment.

GoDaddy is set to release its first-quarter 2025 earnings report on May 1, 2025. The company has forecasted revenues between $1.175 billion and $1.195 billion. The release of these results may cause fluctuations in the stock price as investors respond to any deviations from these projections.

Recent insider selling has raised concerns among investors. The Chief Strategy & Legal Officer sold $1.9 million worth of stock, which could be interpreted as a lack of confidence in the company's near-term outlook. This activity may influence investor decisions and contribute to market volatility.