In a report released today, Ygal Arounian from Citi maintained a Buy rating on GoDaddy, with a price target of $195.00.
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Ygal Arounian has given his Buy rating due to a combination of factors that highlight GoDaddy’s strong potential for future growth. After hosting meetings with GoDaddy’s management, Arounian noted the company’s positive trajectory in product development and its strategic positioning in the GenAI infrastructure space. This positions GoDaddy well for outperformance through 2026, with an expected acceleration in bookings and a return to customer growth driven by new product offerings.
Furthermore, GoDaddy’s valuation appears attractive, with a 10x 2026 estimated EV/FCF, which Arounian believes is undervalued given the company’s growth prospects. The introduction of innovative products like Airo.ai and the new premium domain aftermarket are expected to enhance product attachment, increase average revenue per user, and drive cost efficiencies. These factors, coupled with a positive outlook on customer count and top-of-funnel trends, reinforce the Buy rating.
In another report released on October 31, Seaport Global also maintained a Buy rating on the stock with a $173.00 price target.