GoDaddy price target raised to $180 from $177 at Piper Sandler

Piper Sandler raised the firm’s price target on GoDaddy (GDDY) to $180 from $177 and keeps a Neutral rating on the shares. The firm notes GoDaddy reported solid Q1 results with a 1% sales beat vs. the midpoint and 30.5% NEBITDA margins vs. guidance of 30%. Management reaffirmed full year guidance, which, based on the Q1 beat and potential currency uplift, could have driven higher full year guidance. Reaffirming the current guide represents a prudent approach to the rest of FY25, Piper adds.