Cantor Fitzgerald Reiterates Neutral Rating on GoDaddy Inc (GDDY)

Cantor Fitzgerald analyst Deepak Mathivanan reiterated a Neutral rating and $90.00 price target on GoDaddy Inc (NYSE: GDDY).

The analyst commented, "GDDY reported 2Q results with revenue in-line but nEBITDA came in 2% ahead of Street. 2Q bookings growth accelerated 3 pts to 5% y/y ex-FX while the impact of promos moderated further. On outlook, GDDY guided 3Q revenue growth at +5% y/y (midpoint) and nEBITDA margin to 33% (+80bps y/y). Meanwhile, the FY26E guide was narrowed towards mid-point on revenues. Additionally, GDDY expects bookings growth in 2H26E to converge with revenue growth in the 5-6% range. On the product front – Airo, while still small, appears to be showing promising adoption rates in the early days and should benefit as marketing ramps in 2H26E. Shares are trading down 9% (vs. Nasdaq futures +1%) post-results, but 2Q was an encouraging quarter for GDDY. We reiterate our Neutral rating and our PT of $90 is now based on 6x FY27E FCF per share (vs. 7x FY26E/FY27E previously)."

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 $99.33 yesterday.

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