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GoDaddy price target raised to $240 from $231 at JPMorgan

JPMorgan raised the firm’s price target on GoDaddy (GDDY) to $240 from $231 and keeps an Overweight rating on the shares after meeting with management. The firm came away with incremental confidence in the sustainability of GoDaddy’s growth outlook for both revenue and free cash flow. Airo builds additional offerings out for a GoDaddy user, the analyst tells investors in a research note.

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