GoDaddy (GDDY): Solid Q3 - RBC

November 3, 2016 6:37 AM EDT
Get Alerts GDDY Hot Sheet
Price: $35.18 --0%

Rating Summary:
    14 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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RBC Capital analyst Mark Mahaney, reiterated his Outperform rating on shares of GoDaddy Inc (NYSE: GDDY) and raised the price target to $40 from $38 after the company posted a solid Q3.

Revenue beat the Street.consensus while Bookings came in a tad light. Adjusted EBITDA of $107MM also exceeded Street. GDDY continues to execute very consistently.

The price target increase to $40 is based on a valuation roll-forward to 2018.

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 $35.21 yesterday.

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