GoDaddy price target lowered to $235 from $243 at Barclays

Barclays lowered the firm’s price target on GoDaddy (GDDY) to $235 from $243 and keeps an Overweight rating on the shares. The company issued a “credible reiteration” of the fiscal 2025 guidance as its Q1 bookings and revenue were above consensus, the analyst tells investors in a research note. The firm believes GoDaddy’s “aggressive buyback should assuage capital allocation concerns.”