The Analyst Verdict: GoDaddy In The Eyes Of 11 Experts
Portfolio Pulse from Benzinga Insights
The article discusses recent analyst ratings for GoDaddy (NYSE:GDDY), highlighting a range of perspectives from bullish to indifferent. Analysts have set a 12-month average price target of $171.91, reflecting a 10.62% increase from the previous target. GoDaddy's financial performance is analyzed, showing strong profitability and effective asset utilization, but challenges in debt management.
September 23, 2024 | 12:00 pm
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POSITIVE IMPACT
Analysts have shown a positive outlook on GoDaddy with a 12-month average price target of $171.91, indicating a potential 10.62% increase. The company shows strong profitability and asset utilization but faces challenges in debt management.
The majority of analysts have raised their price targets for GoDaddy, indicating a positive sentiment. The company's strong financial metrics, such as high net margin and ROE, support this outlook. However, the high debt-to-equity ratio poses a risk, which slightly tempers the overall positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100