GoDaddy Inc (GDDY) PT Raised to $100 at Rosenblatt on Record Sub Additions

November 5, 2020 7:20 AM EST
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Price: $108.90 -0.98%

Rating Summary:
    19 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 39 | New: 42
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Rosenblatt analyst Mark Zgutowicz raised the price target on GoDaddy Inc (NYSE: GDDY) to $100.00 (from $96.00) after the company repeated a record 400k net sub additions.

The analyst reiterated a Buy rating, stating "While the sub momentum likely takes a breath in the next quarter or two, we expect W+M pricing to begin to balance unit dynamics. W+M commerce products are coming together cohesively and the revenue appears to be following as shared by the management for the first time".

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