GoDaddy (GDDY) Receives a Buy from StoneX

StoneX reiterated a Buy rating on GoDaddy (GDDY), setting a $140.00 price target after the stock closed at $97.14. Analyst Mark Zgutowicz is described as a 4-star contributor on TipRanks, with an average return of 9.7% and a 47.67% success rate. He covers the Communication Services sector and follows names including Criteo SA, The Trade Desk and Spotify. The broader Street view is a Moderate Buy consensus for GoDaddy, with a $106.20 average target, implying 9.33% upside from current levels. In a separate report issued yesterday, Robert W. Baird also maintained a Buy with a $120.00 target. GoDaddy’s quarter ended June 30 showed revenue of $1.3 billion and net profit of $240.1 million, compared with $1.22 billion revenue and $199.9 million profit a year earlier. The article also notes insider sentiment has turned negative, highlighted by a sale by Jared F. Sine of 4,163 shares for $423,443.97.