GoDaddy (GDDY): Notes From Management Meeting - UBS

December 1, 2016 8:04 AM EST
Get Alerts GDDY Hot Sheet
Price: $35.20 +0.06%

Rating Summary:
    14 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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UBS analyst, Brent Thill, reiterated his Buy rating on shares of GoDaddy Inc (NYSE: GDDY) after meeting with the CEO and CFO in one of the company's 3 Phoenix locations. The company is adding features such as site builder, telephony and security, which expand the product portfolio.

The analyst stated "We continue to believe that GDDY offers a unique and consistent profile of mid-teens revenue growth, with margin expansion (Adj. EBITDA margins towards 30%), and strong FCF generation (>35% CAGR over the next two years) and still trades at favourable risk/reward (~3x EV/S or 17x EV/FCF on CY17e)".

No change to the price target of $42.

For an analyst ratings summary and ratings history on GoDaddy Inc click here. For more ratings news on GoDaddy Inc click here.

Shares of GoDaddy Inc closed at $35.34 yesterday.

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