William Blair analyst Arjun Bhatia has reiterated their bullish stance on GDDY stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors that highlight GoDaddy’s strategic advancements and potential for growth. The company’s recent showcase of its Airo.ai capabilities impressed with its functionality, which is now comparable to other leading AI website builders. GoDaddy’s comprehensive suite of services, including domains, hosting, marketing, and more, along with its strong brand recognition, positions it well in the competitive landscape.
Furthermore, Bhatia is optimistic about GoDaddy’s ability to drive adoption and monetization of its new AI capabilities by 2026. The current trading price of GoDaddy’s shares, at 10 times the 2027 free cash flow estimate, presents an attractive risk/reward profile. The anticipated increase in the Applications and Commerce segment’s revenue mix is expected to enhance margins, further supporting the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $200.00 price target.