Morgan Stanley lowered the firm’s price target on GoDaddy (GDDY) to $145 from $159 and keeps an Equal Weight rating on the shares. Application SaaS names underperformed both the broader software group and the technology sector in 2025, but evidence is building that AI-related risks may prove less severe than initially feared, supporting a more constructive outlook for application SaaS in 2026, the analyst tells investors in a look-ahead note for the group. However, a continued lack of broad-based positive spending revisions keeps the firm “selectively opportunistic,” the analyst added.
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