Latest news with #GoDaddyInc
Yahoo
7 days ago
- Business
- Yahoo
GoDaddy Stock Outlook: Is Wall Street Bullish or Bearish?
With a market cap of $19 billion, GoDaddy Inc. (GDDY) is a global provider of domain registration, web hosting, and cloud-based products for small businesses, individuals, and professionals. The company operates through its Applications and Commerce and Core Platform segments, offering website-building tools, e-commerce solutions, payment services, domain products, hosting, and online security. Shares of the Tempe, Arizona-based company have lagged behind the broader market over the past 52 weeks. GDDY stock has dipped 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 19.5%. Moreover, shares of GoDaddy have decreased 31.4% on a YTD basis, compared to SPX's 8.6% rise. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Looking closer, GDDY stock has also underperformed the Technology Select Sector SPDR Fund's (XLK) return of 29.4% over the past 52 weeks and a 14.4% gain on a YTD basis. Despite beating Q2 2025 estimates with EPS of $1.41 and revenue of $1.2 billion on Aug. 7, GoDaddy shares tumbled 11.3% on Aug. 8 as investors reacted to weaker underlying metrics, including a 2.2% year-over-year decline in total customers to 20,409. The company also announced it will exit its role as the registry service provider for the .CO domain starting Q4, which is expected to reduce bookings and revenue by about 50 bps, primarily impacting the fourth quarter. For the fiscal year ending in December 2025, analysts expect GDDY's EPS to grow 17.3% year-over-year to $5.69. The company's earnings surprise history is mixed. It beat the consensus estimates in two of the last four quarters while missing on two other occasions. Among the 18 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 10 'Strong Buys,' one 'Moderate Buy' rating, and seven 'Holds.' On Aug. 8, Citi lowered its price target for GoDaddy to $214 while maintaining a 'Buy' rating. As of writing, the stock is trading below the mean price target of $214.31. The Street-high price target of $250 implies a potential upside of 83.8% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
26-06-2025
- Business
- Yahoo
Is GoDaddy Stock Outperforming the Dow?
Tempe, Arizona-based GoDaddy Inc. (GDDY) designs and develops cloud-based products for small businesses, web design professionals, and individuals. Valued at $25.6 billion by market cap, the company's platform provides applications that help them connect to their customers, manage their businesses, and get found online. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and GDDY perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the software - infrastructure industry. GDDY's robust business model, high brand awareness, and customer loyalty contribute to its competitive edge. Strategic expansion into omnicommerce solutions and a commitment to deploying new technologies like AI and machine learning further enhance its value proposition and innovation in product development and customer service. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite its notable strength, GDDY slipped 17.9% from its 52-week high of $216, achieved on Jan. 30. Over the past three months, GDDY stock declined 3.7%, underperforming the Dow Jones Industrials Average's ($DOWI) marginal gains during the same time frame. In the longer term, shares of GDDY dipped 10.1% on a YTD basis, underperforming DOWI's YTD gains of 1%. However, the stock climbed 25.6% over the past 52 weeks, outperforming DOWI's 9.9% returns over the last year. To confirm the recent bearish trend, GDDY has been trading below its 50-day and 200-day moving averages since early June. GDDY's strong performance is driven by robust growth in applications and commerce revenue, complemented by increased core platform revenue, which collectively fueled its growth. On May 1, GDDY reported its Q1 results, and its shares closed down more than 8% in the following trading session. The company's revenue was $1.2 billion, matching Wall Street forecasts. The company expects full-year revenue in the range of $4.86 billion to $4.94 billion. GDDY's rival, VeriSign, Inc. (VRSN) shares have lagged behind the stock, with 36.5% gains on a YTD basis and a 58.8% uptick over the past 52 weeks. Wall Street analysts are moderately bullish on GDDY's prospects. The stock has a consensus 'Moderate Buy' rating from the 18 analysts covering it, and the mean price target of $217.88 suggests a potential upside of 22.8% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
GoDaddy Inc. (GDDY) – 'Is This a Misdirection Play? Execution's in Question,' Cautions Cramer
We recently published a list of . In this article, we are going to take a look at where GoDaddy Inc. (NYSE:GDDY) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed recent employment data which covered nonfarm payrolls, the unemployment rate, and other details. The figures revealed that nonfarm payrolls grew by 177,000 in April which handily beat economists' forecast of 133,000. Additionally, despite worries about a growth slowdown, recessionary fears, and high interest rates, April's unemployment rate sat unchanged at 4.2%. Cramer gushed about the data and shared that it was the only data that mattered when it came to considering whether there would be a recession. He commented: 'Really strong numbers and it's one of those this right now the President has that, uh, Truth Social squib, about the Fed should cut. I think the difficulty is a positive difficulty. These are really good numbers and it's not like they're red hot in terms of inflation. I like the fact that a lot of them we haven't seen layoffs yet, from severance, remember from government, that was minus 9,000. The healthcare's up, it's just a good number! I mean, it's a number you expect and like to see when we're, you know kind of worried about a recession! It's a take the recession off the table number!' While the CNBC host admitted that some regions of the economy were weak, he nevertheless remained optimistic: 'We're supposed to have a pullback. We're just not getting it. Look there are spots that are weak but they tend to be aligned with outfits that aren't doing that well. . . I like these numbers, they make me feel like that the President should have said, uh, it's going to make it so that we might not have to cut rates but hang in there. Maybe things will not be so good so. I mean what does he, don't box yourself Mr. President. . .' Another theme that Cramer has discussed quite a lot in his morning show this year is the rally in the European stock market. In an April appearance, he remarked 'I think a lot of people say you know what, I keep sending money over there, and I win. So I'm gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they're spending a lot.' This time around, he pointed out that the US was back. 'You know everyone's still talking about the big European rally, said Cramer. He added: 'Hello? It's been a US rally! Let's stop it already. That European rally it occurred, dynamite, I'm going over to Europe, I'll check it out myself.' Cramer then continued to gush about the jobs report. In fact, he called the reports the North Star of investing: 'I hate to be so simpleminded, but I've done, for one of my books I did this thing about what is the one statistic that you need to know. Over the past forty years. And the statistic is, this Friday. Once a month, you need to know this number. And if this number is true, and you have good employment growth, then you can just take it to the next three weeks. . . .take anything negative off the table because this is the number that is the North Star.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 2nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a complex web page being developed and refined by a web development specialist. Number of Hedge Fund Holders In Q4 2024: 52 GoDaddy Inc. (NYSE:GDDY) is an internet company that enables businesses to build websites, optimize their search engine performance, and conduct other operations. The stock has lost 8% year-to-date primarily because of a steep 14% drop in February. GoDaddy Inc. (NYSE:GDDY)'s shares fell in February after its fourth-quarter revenue dropped. The shares then dipped by 8% in May after multiple analysts reduced its price targets following Q1 results. Here's what Cramer said about the earnings: 'As did by the way GoDaddy. . . I have GoDaddy on, I was kind of like, wow, that happened fast. Overall, GDDY ranks 4th on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of GDDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GDDY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
GoDaddy Inc. (GDDY) – 'Is This a Misdirection Play? Execution's in Question,' Cautions Cramer
We recently published a list of . In this article, we are going to take a look at where GoDaddy Inc. (NYSE:GDDY) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed recent employment data which covered nonfarm payrolls, the unemployment rate, and other details. The figures revealed that nonfarm payrolls grew by 177,000 in April which handily beat economists' forecast of 133,000. Additionally, despite worries about a growth slowdown, recessionary fears, and high interest rates, April's unemployment rate sat unchanged at 4.2%. Cramer gushed about the data and shared that it was the only data that mattered when it came to considering whether there would be a recession. He commented: 'Really strong numbers and it's one of those this right now the President has that, uh, Truth Social squib, about the Fed should cut. I think the difficulty is a positive difficulty. These are really good numbers and it's not like they're red hot in terms of inflation. I like the fact that a lot of them we haven't seen layoffs yet, from severance, remember from government, that was minus 9,000. The healthcare's up, it's just a good number! I mean, it's a number you expect and like to see when we're, you know kind of worried about a recession! It's a take the recession off the table number!' While the CNBC host admitted that some regions of the economy were weak, he nevertheless remained optimistic: 'We're supposed to have a pullback. We're just not getting it. Look there are spots that are weak but they tend to be aligned with outfits that aren't doing that well. . . I like these numbers, they make me feel like that the President should have said, uh, it's going to make it so that we might not have to cut rates but hang in there. Maybe things will not be so good so. I mean what does he, don't box yourself Mr. President. . .' Another theme that Cramer has discussed quite a lot in his morning show this year is the rally in the European stock market. In an April appearance, he remarked 'I think a lot of people say you know what, I keep sending money over there, and I win. So I'm gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they're spending a lot.' This time around, he pointed out that the US was back. 'You know everyone's still talking about the big European rally, said Cramer. He added: 'Hello? It's been a US rally! Let's stop it already. That European rally it occurred, dynamite, I'm going over to Europe, I'll check it out myself.' Cramer then continued to gush about the jobs report. In fact, he called the reports the North Star of investing: 'I hate to be so simpleminded, but I've done, for one of my books I did this thing about what is the one statistic that you need to know. Over the past forty years. And the statistic is, this Friday. Once a month, you need to know this number. And if this number is true, and you have good employment growth, then you can just take it to the next three weeks. . . .take anything negative off the table because this is the number that is the North Star.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 2nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a complex web page being developed and refined by a web development specialist. Number of Hedge Fund Holders In Q4 2024: 52 GoDaddy Inc. (NYSE:GDDY) is an internet company that enables businesses to build websites, optimize their search engine performance, and conduct other operations. The stock has lost 8% year-to-date primarily because of a steep 14% drop in February. GoDaddy Inc. (NYSE:GDDY)'s shares fell in February after its fourth-quarter revenue dropped. The shares then dipped by 8% in May after multiple analysts reduced its price targets following Q1 results. Here's what Cramer said about the earnings: 'As did by the way GoDaddy. . . I have GoDaddy on, I was kind of like, wow, that happened fast. Overall, GDDY ranks 4th on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of GDDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GDDY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
19-04-2025
- Business
- Yahoo
GoDaddy Inc. (GDDY): Among Jeff Smith's Top Activist Targets
We recently published a list of . In this article, we are going to take a look at where GoDaddy Inc. (NYSE:GDDY) stands against other Jeff Smith's top activist targets. Jeff Smith is arguably the 'most feared man' in corporate America, having waged some of Wall Street's most aggressive and successful activist campaigns. Having served on more than 17 companies' boards and chairing four underscores his reputation as one of the most successful activist investors in unlocking shareholder value. Smith has become one of the most feared activist investors at the back of , a hedge fund he founded alongside two partners in 2011. Given that the hedge fund has targeted hundreds of companies, it underscores its strategy of conducting in-depth analysis to discover stocks trading below their fair value. In return, Starboard Value LP has always waged activist campaigns and pushed for strategic changes that could bolster the company's value. Part of the strategy entails pushing for board seats or management changes. The hedge fund is known to agitate for the potential sale of units or the entire business in the race for shareholder value. By targeting IT giants and consumer cyclical stocks over the past ten years, Smith has more than doubled the hedge fund's assets under management to over $5.5 billion. In addition, the average market valuation of the companies that Starboard Value LP invested in was over $45 billion, up from about $7 billion in 2020. READ ALSO: Top 10 Growth Stocks in David Tepper's Portfolio and Billionaire Ken Fisher's Top 13 Growth Stock Picks. Over that period, Starboard Value LP established a reputation for making things difficult for executives and directors who disagreed with its change requests and occasionally fired them. Nevertheless, Jeff Smith's strategy differs greatly from the more confrontational and widely publicized campaigns of fellow activist investors Carl Icahn and Bill Ackman. Following his appointment as Darden's chair, he and other board members worked shifts to gain a close-up look at the company. Smith learned how to make pizza at Papa John's restaurants, which he chaired before waging an activist campaign to unlock value. Starboard Value LP returned less than 5% for investors in 2024, underperforming its peers. The poor performance occurred during a year when corporate America saw a massive upheaval in boardrooms as activist investors fought for change and showed off their muscles like never before. In 2024, activist funds produced an average return of 11.5%. ValueAct Capital Management, a competitor of Starboard Value LP, reported a 21% increase over that time as Sachem Head Capital Management delivered roughly 22% on capitalizing on the artificial intelligence-driven run in the markets. Amid the underperformance in 2024, Jeff Smith's hedge fund still stands out as one of the most successful activist hedge funds. Since its inception, the hedge fund has enjoyed an average return of 25.02% on its 152 activist campaigns, outperforming the Russell 200, which averaged 13.65% over the same period. We sifted through financial media reports and settled on the activist investor's biggest campaigns. We also computed their long-term returns compared to the S&P 500 since Starboard Value LP lodged its campaigns. The campaigns are ranked in chronological order. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a complex web page being developed and refined by a web development specialist. Position Initiated: December 2021 Value of the Stake: $800 million Stock Return Since December 2021 to April 2025: 145.24% S&P 500 Return Since December 2021 to April 2025: 15.74% Number of hedge funds holding stakes: 52 GoDaddy Inc. (NYSE:GDDY) is a software infrastructure company that engages in the design and development of cloud-based products. It offers domain registration, web hosting and digital marketing services. Activist investor Starboard Value LP acquired a 6.5% stake worth $800 million in the company in December of 2021 on concerns that the company was undervalued. The hedge fund started agitating for changes, including changes to the board of directors and operational changes aimed at unlocking shareholder value. In 2024, Starboard Value LP piled pressure on the management, urging it to continue moving in the right direction by setting specific and realistic growth targets. Part of the targets entails achieving a 40% growth and profitability for fiscal 2025. Additionally, the activist hedge fund believes GoDaddy Inc. (NYSE:GDDY) can achieve a free cash flow of $9 per share for fiscal 2025 and $14 per share for fiscal 2026. According to Starboard Value LP managing member Peter Feld, the growth can be achieved by discrete cost savings. Overall, GDDY ranks 10th on our list of Jeff Smith's top activist targets. While we acknowledge the potential of GDDY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GDDY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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