最新ニュース GoDaddy (NYSE:GDDY) 株価情報

GoDaddy

GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.

GoDaddy Inc

Making a noteworthy insider sell on December 11, Phontip Palitwanon, Chief Accounting Officer at GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>), is reported in the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001609711/000160971124000201//Archives/edgar/data/1609711/000160971124000201/0001609711-24-000201-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that Palitwanon executed a sale of 1,554 shares of GoDaddy with a total value of $316,863.
The latest market snapshot at Thursday morning reveals GoDaddy shares down by 0.32%, trading at $207.66.
<h3>Get to Know GoDaddy Better</h3>
GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
<h3>GoDaddy: Delving into Financials</h3>
Revenue Growth: GoDaddy displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 64.5%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): GoDaddy's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.36.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 10.97, GoDaddy faces challenges in effectively managing its debt levels, indicating potential financial strain.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 16.72 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.76 is above industry norms, reflecting an elevated valuation for GoDaddy's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 32.65 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
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<h3>Why Insider Activity Matters in Finance</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001609711">Check Out The Full List Of GoDaddy's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

GDDY

Chief Accounting Officer At GoDaddy Sells $316K Of Stock

&nbsp;GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,463 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-6 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Term Loan Refinancing"). Capitalized terms used herein, but not otherwise defined herein are as defined in the Credit Agreement.
The foregoing transactions are subject to conditions and are anticipated to close in the fourth quarter of 2024. However, there can be no assurance that the Borrowers will be able to successfully complete the transactions, on the terms described above, or at all.

Financing

GoDaddy Inc. Announces It Allocated A $1.463B Tranche Of Term Loans Maturing In 2029, The Proceeds Of Which Will Be Used To Refinance All Outstanding Tranche B-6 Term Loans

WIIM

GoDaddy shares are trading higher after RBC Capital reiterated an Outperform rating on the stock and raised its price target from $190 to $230.

RBC Capital analyst Brad Erickson reiterates GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $190 to $230.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on GoDaddy, Raises Price Target to $230

In the latest quarter, 13 analysts provided ratings for GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $186.15, a high estimate of $225.00, and a low estimate of $170.00. This upward trend is evident, with the current average reflecting a 5.66% increase from the previous average price target of $176.17.
<img src="https://www.benzinga.com/files/images/story/2024/1732021225_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of GoDaddy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vikram Kesavabhotla</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Naved Khan</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Vikram Kesavabhotla</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Clarke Jeffries</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$176.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$186.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Trevor Young</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Clarke Jeffries</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$172.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$170.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to GoDaddy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of GoDaddy compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of GoDaddy's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of GoDaddy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GDDY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on GoDaddy analyst ratings.</a>
<h2>All You Need to Know About GoDaddy</h2>
GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
<h3>Financial Milestones: GoDaddy's Journey</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: GoDaddy's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 7.28%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: GoDaddy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.6% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): GoDaddy's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 74.17% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): GoDaddy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.42% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: GoDaddy's debt-to-equity ratio surpasses industry norms, standing at 10.97. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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A Closer Look at 13 Analyst Recommendations For GoDaddy

Baird analyst Vikram Kesavabhotla maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $200 to $225.

Baird Maintains Outperform on GoDaddy, Raises Price Target to $225

Hedge Funds

General

BLMN

Starboard Value's Q3 2024 13F Filing Shows Reduced Stakes In GoDaddy By 32% To 3.13M Shares, Salesforce By 14% To 1.44M Shares, Humana By 62% To 191K Shares, And Bloomin' Brands By 14%

GoDaddy Airo&#x2122; Customers experience magical results with GoDaddy Airo — getting online faster, bringing more traffic to their website, boosting sales and deepening engagement on social media. In the U.S. alone, nearly 3 million customers discovered GoDaddy Airo, and that number continues to grow as GoDaddy Airo's rollout spans 180 countries and counting. Returning to advertising in the big game brings the possibilities of GoDaddy Airo to small businesses everywhere on one of the world's biggest stages.
Tune In February 9, 2025 The GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) spot aligns with GoDaddy's mission to empower entrepreneurs everywhere, making opportunity more inclusive for all.
"At GoDaddy, we champion the growth of small businesses, and artificial intelligence has become a transformative force for entrepreneurs looking to turn ideas into successful ventures – fast," said Aman Bhutani, CEO of GoDaddy. "We launched <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4300223-1&amp;h=3841878271&amp;u=https%3A%2F%2Fwww.godaddy.com%2Fairo&amp;a=GoDaddy+Airo">GoDaddy Airo</a>&nbsp;with the goal of empowering anyone with an idea to be able to start their business in minutes.&nbsp;Advertising during Super Bowl LIX presents an incredible opportunity to introduce this game-changing experience to millions of people, especially those dreaming of becoming their own boss."

GoDaddy Returns To Super Bowl Advertising; Back After 8 Years To Showcase GoDaddy Airo, An AI-Powered Experience For Small Businesses

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BIGC

Core Scientific, Inc. - Class A Common Stock

CORZ

CTSH

DOCN

EPAM

INFY

OKTA

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SHOP

VRSN

Shares of IT services companies are trading higher after Donald Trump won the 2024 presidential election.

RBC Capital analyst Brad Erickson maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $175 to $190.

RBC Capital Maintains Outperform on GoDaddy, Raises Price Target to $190

B. Riley Securities analyst Naved Khan maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Buy and raises the price target from $170 to $190.

B. Riley Securities Maintains Buy on GoDaddy, Raises Price Target to $190

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$28.00</td>
<td>$26.2K</td>
<td>773</td>
<td>7.1K</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$100.00</td>
<td>$42.8K</td>
<td>2.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$415.00</td>
<td>$25.2K</td>
<td>5.8K</td>
<td>4.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$245.00</td>
<td>$37.8K</td>
<td>1.6K</td>
<td>3.9K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$87.3K</td>
<td>18.3K</td>
<td>3.5K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$360.7K</td>
<td>9.8K</td>
<td>1.9K</td>
</tr>
<tr>
<td>GDDY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$30.8K</td>
<td>157</td>
<td>1.1K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.00</td>
<td>$179.4K</td>
<td>410</td>
<td>1.0K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$225.00</td>
<td>$29.8K</td>
<td>16.4K</td>
<td>935</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$200.00</td>
<td>$28.1K</td>
<td>1.2K</td>
<td>654</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bullish, expiring in 8 day(s) on November 8, 2024. This event was a transfer of 100 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $262.0 per contract. There were 773 open contracts at this strike prior to today, and today 7155 contract(s) were bought and sold. 
• Regarding ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on November 15, 2024. Parties traded 343 contract(s) at a $100.00 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $42.8K, with a price of $125.0 per contract. There were 2430 open contracts at this strike prior to today, and today 5309 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a put option trade that happens to be neutral, expiring in 1 day(s) on November 1, 2024. This event was a transfer of 35 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $720.0 per contract. There were 5861 open contracts at this strike prior to today, and today 4742 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with neutral sentiment. It expires in 1 day(s) on November 1, 2024. Parties traded 40 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $945.0 per contract. There were 1697 open contracts at this strike prior to today, and today 3983 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on November 15, 2024. This event was a transfer of 257 contract(s) at a $140.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $87.3K, with a price of $340.0 per contract. There were 18364 open contracts at this strike prior to today, and today 3512 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a call option sweep with bullish sentiment. It expires in 50 day(s) on December 20, 2024. Parties traded 1950 contract(s) at a $15.00 strike. This particular call needed to be split into 54 different trades to become filled. The total cost received by the writing party (or parties) was $360.7K, with a price of $185.0 per contract. There were 9876 open contracts at this strike prior to today, and today 1975 contract(s) were bought and sold. 
• Regarding GDDY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>), we observe a call option trade with bullish sentiment. It expires in 78 day(s) on January 17, 2025. Parties traded 24 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $1285.0 per contract. There were 157 open contracts at this strike prior to today, and today 1125 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option sweep with bullish sentiment. It expires in 232 day(s) on June 20, 2025. Parties traded 370 contract(s) at a $18.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $179.4K, with a price of $485.0 per contract. There were 410 open contracts at this strike prior to today, and today 1016 contract(s) were bought and sold. 
• For FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we notice a call option trade that happens to be bearish, expiring in 15 day(s) on November 15, 2024. This event was a transfer of 40 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $745.0 per contract. There were 16447 open contracts at this strike prior to today, and today 935 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bearish, expiring in 1 day(s) on November 1, 2024. This event was a transfer of 10 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $2810.0 per contract. There were 1209 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

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SMCI

WOLF

10 Information Technology Stocks With Whale Alerts In Today's Session

GoDaddy shares are trading higher after the company reported better-than-expected Q3 financial results and multiple firms raised their respective price targets on the stock.

Benchmark analyst Mark Zgutowicz maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Buy and raises the price target from $186 to $200.

Benchmark Maintains Buy on GoDaddy, Raises Price Target to $200

Baird analyst Vikram Kesavabhotla maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Outperform and raises the price target from $190 to $200.

Baird Maintains Outperform on GoDaddy, Raises Price Target to $200

Piper Sandler analyst Clarke Jeffries maintains GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) with a Neutral and raises the price target from $172 to $176.

Piper Sandler Maintains Neutral on GoDaddy, Raises Price Target to $176

Business Outlook
For the full year ending December 31, 2024, GoDaddy raised its revenue expectations to a range of $4.545 billion to $4.565 billion, representing year-over-year growth of 7% at the midpoint. GoDaddy also raised its NEBITDA margin expectations to approximately 30%.
For the fourth quarter ending December 31, 2024, GoDaddy expects total revenue in the range of $1.165 billion to $1.185 billion, representing year-over-year growth of 7% at the midpoint, versus the same period in 2023. Within total revenue, GoDaddy expects fourth quarter and full year A&amp;C revenue growth in the mid-teens and Core revenue growth in the low single digits.
For the fourth quarter ending December 31, 2024, GoDaddy expects NEBITDA margin to be approximately 31%.
For the full year ending December 31, 2024, GoDaddy raised its unlevered free cash flow target to at least $1.475 billion, representing growth of 18%, year-over-year, versus $1.254 billion of unlevered free cash flow generated in 2023. Additionally, GoDaddy raised its free cash flow target to at least $1.325 billion, representing growth of 22%, year-over-year, versus the $1.084 billion of free cash flow generated in 2023.
GoDaddy's consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). GoDaddy does not provide reconciliations from non-GAAP guidance to GAAP equivalents because projections of changes in individual balance sheet amounts are not possible without unreasonable effort and presentation of such reconciliations would imply an inappropriate degree of precision. GoDaddy's reported results provide reconciliations of non-GAAP financial measures to their nearest GAAP equivalents.

Guidance

GoDaddy Sees Q4 Revenue $1.165B-$1.185B Vs $1.18B Est.; FY24 Revenue $4.545B-$4.565B Vs $4.55B Est.

GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.23 by 7.32 percent. This is a 48.31 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $1.15 billion which beat the analyst consensus estimate of $1.14 billion by 0.52 percent. This is a 7.48 percent increase over sales of $1.07 billion the same period last year.

Earnings

Earnings Beats

GoDaddy Q3 EPS $1.32 Beats $1.23 Estimate, Sales $1.15B Beat $1.14B Estimate

GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) has outperformed the market over the past 5 years by 6.28% on an annualized basis producing an average annual return of 20.1%. Currently, GoDaddy has a market capitalization of $22.76 billion. 
Buying $1000 In GDDY: If an investor had bought $1000 of GDDY stock 5 years ago, it would be worth $2,460.38 today based on a price of $161.45 for GDDY at the time of writing.
<h3>GoDaddy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729803610_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In GoDaddy 5 Years Ago Would Be Worth Today

14 analysts have expressed a variety of opinions on GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for GoDaddy, revealing an average target of $173.71, a high estimate of $190.00, and a low estimate of $158.00. Surpassing the previous average price target of $161.69, the current average has increased by 7.43%.
<img src="https://www.benzinga.com/files/images/story/2024/1729018875_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive GoDaddy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$186.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Trevor Young</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Clarke Jeffries</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$172.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$175.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Josh Beck</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$175.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Vikram Kesavabhotla</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Trevor Young</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Clarke Jeffries</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Mark Zgutowicz</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$158.00</td>
<td>$158.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to GoDaddy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of GoDaddy compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of GoDaddy's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into GoDaddy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GDDY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on GoDaddy analyst ratings.</a>
<h2>Discovering GoDaddy: A Closer Look</h2>
GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
<h3>GoDaddy: Financial Performance Dissected</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: GoDaddy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.29%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: GoDaddy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.01% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 51.17%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): GoDaddy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.86% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 24.99, GoDaddy faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From GoDaddy Analyst Ratings: What You Need To Know

Morgan Stanley analyst Elizabeth Porter has assigned their neutral stance on GDDY stock, giving a Hold rating yesterday. Elizabeth Porter's rating ...

Balanced Outlook on GoDaddy: Innovation-Driven Growth with Cautious Near-Term Prospects

In a report released yesterday, Brad Erickson from RBC Capital reiterated a Buy rating on GoDaddy (GDDY – Research Report), with a price target of ...

New Buy Rating for GoDaddy (GDDY), the Technology Giant

Analysts have been eager to weigh in on the Technology sector with new ratings on Oracle (ORCL – Research Report), Snowflake (SNOW – Research Repor...

Analysts Offer Insights on Technology Companies: Oracle (ORCL), Snowflake (SNOW) and GoDaddy (GDDY)

William Blair analyst Arjun Bhatia has maintained their bullish stance on GDDY stock, giving a Buy rating today. Arjun Bhatia's rating is based on ...

GoDaddy's Strategic Advancements and AI Innovations Drive Positive Outlook and Buy Rating

Catalyst Watch:  Goldman Sachs finance conference; Adobe, CostCo earnings

Oracle And Broadcom Are Top Names Reporting Results As Earning Season Winds Down

FAD: Growth ETF With Fading Attractiveness

Columbia Seligman Global Technology Fund Q3 2024 Commentary

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on GoDaddy (GDDY – Research Report) and WEBTOON Enter...

Analysts Offer Insights on Technology Companies: GoDaddy (GDDY) and WEBTOON Entertainment Inc (WBTN)

Columbia Seligman Technology And Information Fund Q3 2024 Commentary

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COIN

COST

CSCO

CSGP

CVNA

DGLY

EBAY

ETSY

FERG

FFIV

GOOG

GOOGL

HMBL

HOOD

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ORCL

ORIS

PLAY

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Press Releases

GoDaddy Reports Third Quarter 2024 Financial Results

2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study

GoDaddy Inc. to Present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference

Game On! GoDaddy Returns to Super Bowl Advertising

AI helps Canadian entrepreneurs compete with big business finds GoDaddy

GoDaddy Inc. to Present at the UBS Global Technology Conference and Barclays Global Technology Conference

Resilience Pays Off: 75% of Microbusiness Owners Relaunch After Setbacks, GoDaddy Reports

Social Media

Gen Z and Millennials to Small Businesses: Get Online or Get Left Behind

GoDaddy Inc. Announces Refinancing of Tranche B-6 Loans

9 in 10 Gen Z and Millennials Impulse Buy on Social Media, GoDaddy Survey Reveals

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