GoDaddy (NYSE:GDDY) Given New $120.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised GoDaddy’s price target from $110 to $120 while maintaining an “outperform” rating, implying approximately 18.6% upside from the prior close.
• Analyst sentiment remains mixed: GoDaddy has an average “Hold” rating and a consensus price target of $110.69, despite ten Buy ratings and recent target reductions from several firms.
• GoDaddy recently exceeded quarterly expectations, reporting adjusted earnings of $1.83 per share versus the $1.69 consensus and revenue of $1.30 billion, up 6.6% year over year.

GoDaddy (NYSE:GDDY - Get Free Report) had its price objective boosted by equities researchers at Robert W. Baird from $110.00 to $120.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Robert W. Baird's price target suggests a potential upside of 18.59% from the company's previous close.

GDDY has been the subject of several other research reports. Wells Fargo & Company downgraded shares of GoDaddy from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $80.00 to $76.00 in a research note on Wednesday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of GoDaddy from $154.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, June 18th. Benchmark lowered their price target on shares of GoDaddy from $185.00 to $140.00 and set a "buy" rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft downgraded GoDaddy to a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded GoDaddy from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GoDaddy presently has an average rating of "Hold" and a consensus target price of $110.69.

GoDaddy Trading Up 5.0%

Shares of GDDY opened at $101.19 on Friday. The company has a debt-to-equity ratio of 561.10, a quick ratio of 0.63 and a current ratio of 0.63. GoDaddy has a 52-week low of $71.59 and a 52-week high of $143.34. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.88 and a beta of 0.94. The business's fifty day moving average is $96.37 and its 200-day moving average is $88.87.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. GoDaddy had a return on equity of 660.96% and a net margin of 17.83%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $1.41 EPS. GoDaddy's revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts anticipate that GoDaddy will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Bhutani sold 8,194 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $101.19, for a total value of $829,150.86. Following the transaction, the chief executive officer directly owned 504,553 shares of the company's stock, valued at $51,055,718.07. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mark McCaffrey sold 5,873 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $100.91, for a total value of $592,644.43. Following the completion of the sale, the chief financial officer owned 99,855 shares in the company, valued at $10,076,368.05. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 26,858 shares of company stock worth $2,593,081 over the last 90 days. Company insiders own 0.93% of the company's stock.

Institutional Trading of GoDaddy

A number of large investors have recently bought and sold shares of GDDY. Harbour Investments Inc. lifted its stake in shares of GoDaddy by 191.0% in the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company's stock valued at $32,000 after purchasing an additional 170 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company's stock worth $30,000 after buying an additional 180 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of GoDaddy during the 1st quarter worth approximately $33,000. Perkins Coie Trust Co acquired a new stake in shares of GoDaddy during the 2nd quarter worth approximately $34,000. Finally, Global Retirement Partners LLC increased its stake in shares of GoDaddy by 174.4% in the 4th quarter. Global Retirement Partners LLC now owns 664 shares of the technology company's stock valued at $82,000 after acquiring an additional 422 shares in the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Takeover speculation lifted shares: Reports that Gen Digital may seek to acquire GoDaddy highlighted the strategic value of its customer base of more than 20 million small businesses, creators and entrepreneurs. The possibility of a bid created potential takeover upside and prompted a temporary trading halt as shares moved sharply. A Major Software Player Has Its Eyes on GoDaddy
• Positive Sentiment: Options activity reflected bullish positioning: Investors purchased 13,002 GoDaddy call options, roughly 454% above the average daily volume, as the reported Gen Digital interest fueled expectations of further gains or a potential transaction premium.
• Neutral Sentiment: The reported offer remains preliminary: Articles describe interest from Gen Digital rather than a definitive agreement, leaving uncertainty over valuation, financing, regulatory approval and whether negotiations will progress. The stock also failed to decisively break out after the initial takeover-related move. GoDaddy Stock Fails To Break Out After Reported Takeover Offer
• Negative Sentiment: Class-action litigation is weighing on sentiment: Several law firms announced or promoted securities lawsuits covering investors who bought GDDY shares between September 3, 2025 and February 24, 2026. The complaints allege GoDaddy misrepresented discounting and customer-acquisition practices, including a $4.99 one-year dotcom promotion, potentially reducing upfront bookings and average order economics. GoDaddy Stock Drop Alert
• Negative Sentiment: Investor deadlines could prolong headline risk: Lead-plaintiff deadlines cited in the notices include October 20 and October 26, 2026. The litigation does not establish wrongdoing, but it raises potential legal costs, reputational concerns and uncertainty around GoDaddy’s customer-acquisition disclosures.

GoDaddy Company Profile

GoDaddy Inc NYSE: GDDY is a technology company that provides online tools and services for entrepreneurs, small businesses and individuals. Its offerings are designed to help customers establish, manage and grow an online presence, including domain-name registration, domain search and management, website hosting, professional email and online security services.

The company also provides website-building and commerce solutions that support online stores, appointment scheduling, digital marketing, search-engine optimization, social media management and payment acceptance.

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