Barclays Maintains Overweight on GoDaddy, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Overweight rating on GoDaddy (NYSE:GDDY) and increased the price target from $100 to $125, indicating a positive outlook on the company's stock.
January 18, 2024 | 10:17 am
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Barclays analyst Trevor Young maintains an Overweight rating on GoDaddy and raises the price target from $100 to $125, suggesting a bullish stance on the stock.
The increase in price target by Barclays reflects a strong vote of confidence in GoDaddy's future performance. This type of analyst rating and price target adjustment can often lead to a positive short-term impact on a stock's price as it may influence investor sentiment and indicate anticipated growth or strong fundamentals.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100