GoDaddy Inc. (GDDY) Just Reaches All-Time High?

February 25, 2018 - By Michael Pereira

The stock of GoDaddy Inc. (NYSE:GDDY) reached all time high today, Feb, 25 and still has $63.94 target or 4.00 % above today’s $61.48 share price. This indicates more upside for the $10.23 billion company. This technical setup was reported by If the $63.94 PT is reached, the company will be worth $409.16M 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.

The stock increased 10.91% or $6.05 during the last trading session, reaching $61.48. About 4.10 million shares traded or 201.38% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 31.53% since February 25, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 24 analysts covering GoDaddy Inc (NYSE:GDDY), 16 have Buy rating, 1 Sell and 7 Hold. Therefore 67% are positive. GoDaddy Inc had 63 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained GoDaddy Inc. (NYSE:GDDY) rating on Friday, August 4. RBC Capital Markets has “Buy” rating and $4400 target. RBC Capital Markets maintained it with “Buy” rating and $53.0 target in Monday, November 6 report. RBC Capital Markets maintained GoDaddy Inc. (NYSE:GDDY) on Sunday, October 29 with “Buy” rating. The firm has “Buy” rating given on Monday, August 14 by Deutsche Bank. The firm has “Buy” rating given on Monday, August 31 by Citigroup. Monness Crespi & Hardt maintained GoDaddy Inc. (NYSE:GDDY) rating on Friday, December 18. Monness Crespi & Hardt has “Buy” rating and $38 target. As per Thursday, October 5, the company rating was initiated by William Blair. Citigroup downgraded the shares of GDDY in report on Tuesday, June 7 to “Neutral” rating. The company was maintained on Friday, February 23 by Piper Jaffray. The company was upgraded on Tuesday, November 22 by B. Riley & Co.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: which released: “GoDaddy shares rise after domain-hosting company swings to quarterly profit” on February 22, 2018, also with their article: “GoDaddy To Host Investor Day On March 28, 2018” published on February 12, 2018, published: “GoDaddy revenue tops estimates as customer base expands” on February 22, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: and their article: “GoDaddy, Inc. Class A to Host Earnings Call” published on February 22, 2018 as well as‘s news article titled: “Mark Garrett Joins GoDaddy Board of Directors” with publication date: February 01, 2018.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $10.23 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 221.95 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

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