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GoDaddy Inc (GDDY) PT Raised to $83 at RBC Capital

November 7, 2018 7:15 AM

RBC Capital analyst Mark Mahaney raised the price target on GoDaddy Inc (NYSE: GDDY) to $83.00 (from $81.00) while maintaining an Outperform rating.

Mahaney noted a modest beat in Q3 with no material raise in FY18 guidance. "Fundamental trends remained largely consistent, tho Bookings came in below expectations due to FX, shifting of annual contracts to monthly, and softening in China," the analyst commented.

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