GoDaddy shares are trading higher after Starboard Value sent a letter to the company, saying it "believes GoDaddy is deeply undervalued with significant opportunities for shareholder value creation."
Portfolio Pulse from Benzinga Newsdesk
GoDaddy's shares are trading higher following a letter from Starboard Value stating that it believes GoDaddy is deeply undervalued with significant opportunities for shareholder value creation.
September 12, 2023 | 12:27 pm
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GoDaddy's shares are trading higher after Starboard Value's letter stating the company is deeply undervalued. This could lead to increased investor interest and potential upward pressure on the stock price.
The letter from Starboard Value, a significant investor, stating that GoDaddy is deeply undervalued could lead to increased investor interest in the company. This could result in upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100