UPDATE: Morgan Stanley Starts GoDaddy Inc (GDDY) at Equalweight

Morgan Stanley analyst Elizabeth Elliott initiates coverage on GoDaddy Inc (NYSE: GDDY) with a Equalweight rating and a price target of $95.00.

The analyst comments "Portfolio expansion into horizontal solutions helping SMBs manage their online business should drive improving ARPU & retention, and ultimately revenue growth. While the multiple appears undemanding, an M&A-heavy expansion strategy likely limits a re-rating near-term."

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 $85.01 yesterday.

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