Mark Zgutowicz, an analyst from Benchmark Co., reiterated the Buy rating on GoDaddy. The associated price target remains the same with $250.00.
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Mark Zgutowicz has given his Buy rating due to a combination of factors that highlight GoDaddy’s strategic initiatives and growth potential. The company is experimenting with a premium subscription service, Airo Plus, which is expected to launch in 2026 and could significantly enhance its revenue streams by building on its existing AI platform. This initiative is anticipated to strengthen GoDaddy’s average revenue per user (ARPU) by offering advanced AI capabilities to a substantial portion of its customer base.
Furthermore, GoDaddy’s current product pricing and bundling strategies are driving strong customer retention and acquisition, contributing to robust ARPU momentum. The company is also leveraging global talent and AI automation to enhance operational efficiencies, which is expected to continue supporting EBITDA growth. Additionally, GoDaddy’s partnerships with large language models (LLMs) are poised to offer sophisticated data insights and global customer acquisition opportunities, further solidifying its position in the market.