GoDaddy price target lowered to $225 from $230 at RBC Capital

RBC Capital analyst Brad Erickson lowered the firm’s price target on GoDaddy (GDDY) to $225 from $230 and keeps an Outperform rating on the shares. The company had a mixed quarter where the lack of upside for a steady growth story that some investors believe is too reliant on pricing may bring the multiple in, particularly given that the stock was 6% higher than it was before Liberation Day tariff announcement, the analyst tells investors in a research note. RBC adds however that it remains “constructive bigger picture”, with Applications and Commerce value-based approach to price proving more durable than investors appreciate.