UBS Maintains Neutral on GoDaddy, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Chiodo has maintained a Neutral rating on GoDaddy (NYSE:GDDY) and increased the price target from $85 to $110.
January 10, 2024 | 1:56 pm
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UBS analyst Timothy Chiodo maintains a Neutral rating on GoDaddy but raises the price target from $85 to $110.
The increase in price target by UBS suggests a positive outlook on GoDaddy's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100