Benchmark Issues Pessimistic Forecast for GoDaddy (NYSE:GDDY) Stock Price

GoDaddy (NYSE:GDDY) had its price target dropped by analysts at Benchmark from $185.00 to $140.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Benchmark’s target price would indicate a potential upside of 79.84% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. UBS Group began coverage on shares of GoDaddy in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 price objective for the company. Raymond James Financial cut GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 target price on the stock. in a research report on Friday. Piper Sandler reissued a “neutral” rating and set a $95.00 target price on shares of GoDaddy in a research note on Friday. Deutsche Bank Aktiengesellschaft cut GoDaddy to a “buy” rating in a report on Friday. Finally, William Blair downgraded GoDaddy from an “outperform” rating to a “market perform” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.14.

GoDaddy Stock Performance

GDDY traded down $21.48 during trading on Friday, hitting $77.85. 1,316,396 shares of the stock were exchanged, compared to its average volume of 2,278,381. The firm has a market capitalization of $10.31 billion, a P/E ratio of 12.36, a PEG ratio of 0.95 and a beta of 0.89. GoDaddy has a 1-year low of $71.59 and a 1-year high of $165.11. The stock has a fifty day moving average price of $86.79 and a two-hundred day moving average price of $88.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. GoDaddy’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share. As a group, sell-side analysts predict that GoDaddy will post 7.15 earnings per share for the current year.

Insider Activity at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 3,958 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total transaction of $355,665.88. Following the transaction, the chief financial officer directly owned 109,228 shares in the company, valued at approximately $9,815,228.08. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Phontip Palitwanon sold 542 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total transaction of $48,704.12. Following the transaction, the chief accounting officer owned 19,995 shares in the company, valued at $1,796,750.70. The trade was a 2.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 16,751 shares of company stock worth $1,480,228. 0.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On GoDaddy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Asset Management LLC purchased a new stake in shares of GoDaddy during the 2nd quarter worth approximately $127,000. Tema ETFs LLC grew its holdings in shares of GoDaddy by 22.6% in the 2nd quarter. Tema ETFs LLC now owns 2,585 shares of the technology company’s stock worth $219,000 after acquiring an additional 476 shares during the period. Handelsbanken Fonder AB increased its stake in GoDaddy by 10.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 42,500 shares of the technology company’s stock valued at $3,607,000 after purchasing an additional 3,900 shares in the last quarter. Perkins Coie Trust Co purchased a new position in GoDaddy in the 2nd quarter valued at approximately $34,000. Finally, Czech National Bank raised its holdings in GoDaddy by 2.4% during the second quarter. Czech National Bank now owns 37,689 shares of the technology company’s stock worth $3,199,000 after purchasing an additional 884 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Key GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter revenue of approximately $1.30 billion, up 6.6% year over year and slightly above expectations, while adjusted earnings of $1.83 per share exceeded the $1.69–$1.72 consensus range. GoDaddy second-quarter financial results
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion free-cash-flow target for 2026, supporting the company’s cash-generation investment case. GoDaddy third-quarter forecast and free cash flow target
• Positive Sentiment: AI-powered Airo continued to show strong traction, with annualized recurring revenue reportedly increasing fivefold to $50 million. Total recurring revenue reached about $4.4 billion, while record margins and free cash flow were highlighted as additional strengths. GoDaddy Q2 earnings call highlights
• Neutral Sentiment: Raymond James lowered GoDaddy from “strong buy” to “outperform,” citing limited visibility, but maintained a $100 price target—only modestly above the price referenced in the analyst note. Raymond James GoDaddy rating change
• Negative Sentiment: Investors viewed the outlook as underwhelming: third-quarter revenue guidance was broadly in line with estimates, while full-year revenue guidance of $5.2 billion to $5.3 billion offered limited upside. The muted forecast overshadowed the quarterly earnings beat. GoDaddy outlook reaction
• Negative Sentiment: Separate law-firm announcements about investigations into potential securities-law violations add headline and litigation risk, although they do not represent a finding of wrongdoing. GoDaddy securities investigation announcement

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.