Stock of The Day: Godaddy Inc on Focus After Trading At All-Time Highs

Stock of The Day: Godaddy Inc on Focus After Trading At All Time Highs

The stock of Godaddy Inc (NYSE:GDDY) reached all time high today, Oct, 19 and still has $52.88 target or 47.00% above today’s $35.97 share price. This indicates more upside for the $5.86 billion company. This technical setup was reported by Barchart.com. If the $52.88 PT is reached, the company will be worth $2.75 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 165,387 shares traded hands. Godaddy Inc (NYSE:GDDY) has risen 11.63% since March 16, 2016 and is uptrending. It has outperformed by 6.09% the S&P500.

Analysts await Godaddy Inc (NYSE:GDDY) to report earnings on November, 2. They expect $0.04 earnings per share, up 200.00% or $0.08 from last year’s $-0.04 per share. GDDY’s profit will be $6.52M for 224.81 P/E if the $0.04 EPS becomes a reality. After $-0.11 actual earnings per share reported by Godaddy Inc for the previous quarter, Wall Street now forecasts -136.36% EPS growth.

Godaddy Inc (NYSE:GDDY) Ratings Coverage

Out of 14 analysts covering GoDaddy Inc (NYSE:GDDY), 11 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 79% are positive. GoDaddy Inc has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Friday, August 7 by Barclays Capital. The firm earned “Buy” rating on Thursday, October 22 by UBS. The firm has “Neutral” rating given on Tuesday, June 7 by Citigroup. The firm earned “Outperform” rating on Thursday, November 5 by Oppenheimer. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Thursday, November 5 by Deutsche Bank. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Wednesday, October 19 by Cantor Fitzgerald. The stock of Godaddy Inc (NYSE:GDDY) has “Neutral” rating given on Friday, April 15 by B. RIley. The firm has “Buy” rating given on Friday, December 18 by Monness Crespi & Hardt. The firm earned “Sell” rating on Tuesday, April 5 by Singular Research. The stock has “Buy” rating given by Monness Crespi & Hardt on Wednesday, August 12.

According to Zacks Investment Research, “GoDaddy, Inc. is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The Company’s products include domain, hosting and presence and business applications. GoDaddy, Inc. is headquartered in Scottsdale, Arizona.”

More recent Godaddy Inc (NYSE:GDDY) news were published by: Prnewswire.com which released: “GoDaddy Inc. Announces Third Quarter 2016 Earnings Conference Call” on October 11, 2016. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: DuPont, GoDaddy, Intel, Pandora, Wells …” on October 19, 2016. Blogs.Wsj.com‘s news article titled: “CFO Moves: MPLX, GoDaddy Inc.” with publication date: October 07, 2016 was also an interesting one.

GDDY Company Profile

GoDaddy Inc., incorporated on May 28, 2014, is a technology well-known provider to small businesses, Web design professionals and individuals. The Firm delivers cloud products and personalized customer care. The Firm operates a domain marketplace, where its clients can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help clients construct and protect online presence. It provides applications that enable connecting to clients and managing businesses. The Firm provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. The Firm provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products.

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