GoDaddy (GDDY)

• Market cap: $26B
• 1 day: 1.15%
• 5 days: 0.55%
• 1 month: 12.34%
• 3 months: 12.86%
• 6 months: 34.11%
• Year to date: 79.63%
• 1 year: 99.74%
• 5 years: 170.66%
• 10 years: 607.53%
• Sector: Information Technology
• Industry: Computer Integrated Systems Design

About: GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.

Employees: 6,159

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more call options, than puts

Call options by funds: $253M | Put options by funds: $176M

32% more first-time investments, than exits

New positions opened: 111 | Existing positions closed: 84

14% more funds holding in top 10

Funds holding in top 10: 14 [Q2] → 16 (+2) [Q3]

4% more funds holding

Funds holding: 610 [Q2] → 637 (+27) [Q3]

2% more capital invested

Capital invested by funds: $20.1B [Q2] → $20.5B (+$409M) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 236

8.18% less ownership

Funds ownership: 101.24% [Q2] → 93.06% (-8.18%) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $170 8% downside
• Avg. target: $182 2% downside
• High target: $200 8% upside

13 analyst ratings

• positive: 7 54%
• neutral: 6 46%
• negative: 0 0%

RBC Capital Brad Erickson 77% 1-year accuracy 47 / 61 met price target	3% upside $190	Outperform Maintained	1 Nov 2024
B. Riley Securities Naved Khan 70% 1-year accuracy 19 / 27 met price target	3% upside $190	Buy Maintained	31 Oct 2024
Benchmark Mark Zgutowicz 64% 1-year accuracy 36 / 56 met price target	8% upside $200	Buy Maintained	31 Oct 2024
Baird Vikram Kesavabhotla 93% 1-year accuracy 13 / 14 met price target	8% upside $200	Outperform Maintained	31 Oct 2024
Piper Sandler Clarke Jeffries 60% 1-year accuracy 28 / 47 met price target	5% downside $176	Neutral Maintained	31 Oct 2024