GoDaddy price target lowered to $240 from $250 at Benchmark

Benchmark lowered the firm’s price target on GoDaddy (GDDY) to $240 from $250 and keeps a Buy rating on the shares. The Q3 print included an A&C bookings deceleration that was “slightly disappointing,” but GoDaddy’s estimated $1.6B of free cash flow in 2025 supports its ability to weather incremental token costs to a greater extent than standalone vibe coding platforms as the company enters the app development arena, the analyst tells investors.