Raymond James analyst Josh Beck lowered the firm’s price target on GoDaddy (GDDY) to $150 from $175 and keeps a Strong Buy rating on the shares. A&C bookings growth of 14% year-over-year beat Street expectations of 13% growth, though Q4 A&C revenue guidance of low-to-mid teens growth was a step-down from the mid-teens percentage seen through FY25 due to more difficult comps, the analyst tells investors. While the firm maintains a Strong Buy rating as fundamentals appear to be tracking ahead of the mid-term guidance framework, it trims its price target as it looks for improved visibility into the mid-term growth and margin profile.
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Read More on GDDY:
- GoDaddy price target lowered to $200 from $222 at JPMorgan
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