Piper Sandler Downgrades GoDaddy to Neutral, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded GoDaddy from Overweight to Neutral, while raising the price target from $160 to $172.
September 23, 2024 | 11:27 am
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NEUTRAL IMPACT
Piper Sandler downgraded GoDaddy from Overweight to Neutral, indicating a more cautious outlook, but raised the price target to $172, suggesting potential for price appreciation.
The downgrade from Overweight to Neutral suggests a less bullish stance by Piper Sandler, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $172 indicates potential for price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100