Morgan Stanley Maintains Equal-Weight on GoDaddy, Raises Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Elliott maintains an Equal-Weight rating on GoDaddy (NYSE:GDDY) and raises the price target from $120 to $132.

March 14, 2024 | 3:57 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on GoDaddy and raises the price target from $120 to $132.
The increase in price target by a reputable analyst like Elizabeth Elliott from Morgan Stanley suggests a positive outlook on GoDaddy's stock, potentially leading to short-term price appreciation. However, the Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, tempering expectations for significant outperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100