Sunday, November 8, 2015

GoDaddy Up by 15%; Raises 2015 Revenue Forecast

GoDaddy image

GoDaddy a Web domain marketplace has gain 15%. The launch their public offering last April and in their Initial public offering (IPO) they were able to raise $460 million. Their company is valued at $5.48 billion.

Godaddy (NASDAQ:GDDY) had its price objective boosted by investment analysts at JMP Securities to $38.00 in a research note that was released last Friday on

GDDY's 50-day moving average price is $26.36 and its 200-day moving average price is $26.78. The 12-month mean target is $33.45, which means upside potential of 7.97% over the current price. Monness Crespi & Hardt initiated the shares of GDDY in a report on August 12 with "Buy" rating. Godaddy presently has an average rating of "Buy" and an average price target of $34.06. Deutsche Bank upped their price target on Godaddy from $32.00 to $33.00 and gave the stock a buy rating in a report on Friday, August 7th. Godaddy (NASDAQ:GDDY) last released its quarterly earnings data on Wednesday, November 4th. The street expected the company to report a loss of $.09 per share on revenue of $408 million, while the company itself expected third quarter revenue to be between $405-410 million.

No comments:

Post a Comment