GoDaddy price target lowered to $77 from $145 at Wells Fargo

Wells Fargo lowered the firm’s price target on GoDaddy (GDDY) to $77 from $145 and keeps an Equal Weight rating on the shares. The firm notes the company reported / guided to worse-than-expected Q4 / Q1 bookings growth. Discounting and shorter terms drove weakness, which Wells sees as surprising given management’s focus on high LTV users. FY26 bookings guided to a “hockey stick” acceleration making setup tough from here, the firm adds.