Starboard Believes GoDaddy Is 'Deeply Undervalued' With 'Significant Opportunities for Shareholder Value Creation' And Remains Open To Reaching A 'Constructive Resolution' With Board
Portfolio Pulse from Bill Haddad
Starboard Value LP, a significant shareholder in GoDaddy Inc., believes the company is 'deeply undervalued' and sees 'significant opportunities for shareholder value creation'. Starboard remains open to reaching a 'constructive resolution' with GoDaddy's board.
September 12, 2023 | 12:05 pm
News sentiment analysis
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POSITIVE IMPACT
GoDaddy's stock may see positive movement as Starboard Value LP, a significant shareholder, believes the company is undervalued and sees potential for shareholder value creation.
Starboard Value LP's belief in GoDaddy's undervaluation and potential for shareholder value creation could lead to positive sentiment among investors, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100