Benchmark Maintains Buy Rating for GoDaddy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has reaffirmed its Buy rating on GoDaddy (NYSE:GDDY) and increased its price target from $96.00 to $125.00. GoDaddy's stock is currently up 1.07% at $98.11, and the new price target suggests a potential upside of 27.41%. GoDaddy offers a range of services including domain registration, hosting, security, and omnicommerce solutions, targeting various small to medium-sized business sectors.
November 29, 2023 | 5:00 pm
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POSITIVE IMPACT
Benchmark maintains a Buy rating on GoDaddy with a raised price target from $96 to $125, indicating a significant potential upside from the current price of $98.11.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Benchmark typically instills confidence in investors and can lead to a positive short-term price movement. The substantial potential upside of 27.41% from the current price level is likely to attract investor interest and could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100