GoDaddy Shares Rise 0.18% Ahead of Q1 Earnings

GoDaddy (GDDY) shares rose to their highest level since February 2025 today, with an intraday gain of 0.18%.

The impact of GDDY's stock price reaching a new high on future price movements is generally positive, with higher win rates and returns observed across various time frames. Here's a detailed analysis:
Short-Term Performance:
- 3-Day Win Rate: 59.62% of the time, the stock price increased within 3 days of reaching a new high.
- 10-Day Win Rate: 62.22% of the time, the stock price increased within 10 days of reaching a new high.
Medium-Term Performance:
- 30-Day Win Rate: 67.59% of the time, the stock price increased within 30 days of reaching a new high.
Returns:
- 3-Day Return: The average return was 0.61% within 3 days of reaching a new high.
- 10-Day Return: The average return was 1.66% within 10 days of reaching a new high.
- 30-Day Return: The average return was 4.81% within 30 days of reaching a new high.
Maximum Return: The stock experienced its maximum return of 15.21% within 79 days of reaching a new high, which suggests that while the stock tends to rise in the short term, significant gains can occur over a longer period.
In conclusion, GDDY's stock price tends to perform well after reaching a new high, with a higher probability of positive returns over the short and medium term. Investors may consider these findings when deciding on entry or exit points, but it's important to conduct a comprehensive analysis beyond historical performance due to market dynamics and other factors that can influence future stock prices.

GoDaddy is set to release its Q1 2025 earnings results on May 1st, with an expected EPS of $1.80, indicating a 34.8% year-over-year decrease. This has raised concerns among investors about the company's short-term financial performance. However, Wall Street analysts predict quarterly earnings of $1.35 per share, reflecting a 25% increase, which suggests mixed expectations regarding GoDaddy's financial results.

Morgan Stanley recently reduced their price target for GoDaddy from $228.00 to $206.00, maintaining an "equal weight" rating. This downgrade may contribute to negative sentiment around the stock, potentially influencing investor decisions.