GoDaddy Inc (GDDY) PT Raised to $170 at B.Riley

B.Riley analyst Naved Khan raised the price target on GoDaddy Inc (NYSE: GDDY) to $170.00 (from $143.00) while maintaining a Buy rating.

The analyst commented: "We’re raising our PT on GDDY (Buy) from $143 to $170 as we roll forward our DCF to 2025 and establish quarterly estimates for the year. We believe GoDaddy remains an early-stage beneficiary of tailwinds from the deployment of GenAI in both the customer-facing offering as well as across the company’s internal operations. We see scope for sustained top-line growth powered by strength in the A&C segment, along with steady margin expansion from both scale and operational efficiencies. We expect share buybacks (powered by substantial and growing FCFs) to contribute to healthy double-digit growth in EPS and FCF/share. At ~15.3x 2025 FCF, we continue to find the risk/reward attractive."

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