GoDaddy price target lowered to $140 from $150 at Jefferies

Jefferies lowered the firm’s price target on GoDaddy (GDDY) to $140 from $150 and keeps a Hold rating on the shares. The firm believes 2026 will be “another year of gradual AI monetization,” but thinks more meaningful growth contribution and acceleration are needed to ease AI disintermediation fears, requiring more selectivity, the analyst tells investors in an outlook note on the software group. “While we remain confident that value will ultimately accrue to the software layer, investors may need to stay patient” with sector valuation back at historical average, the analyst added.