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UPDATE: Berenberg Starts GoDaddy Inc (GDDY) at Buy

October 25, 2021 6:13 AM EDT
Get Alerts GDDY Hot Sheet
Price: $119.89 -1.79%

Rating Summary:
    19 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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(Updated - October 25, 2021 6:15 AM EDT)

Berenberg analyst Sunil Rajgopal initiates coverage on GoDaddy Inc (NYSE: GDDY) with a Buy rating and a price target of $99.00.

The analyst comments "GoDaddy is a SaaS-based web development platform that offers solutions designed to help small- and medium-sized businesses to create and grow their online presence. Founded in 1997, it is a global market leader in the domain name registration space with more than 82m domains under management (December 2020) and more than 22% of the ~371m (September 2020) domain names registered worldwide. We initiate coverage with a Buy rating and USD99 price target, implying ~42% upside."

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 $69.39 yesterday.


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