Fintel reports that on September 13, 2023, B. Riley Securities maintained coverage of Godaddy Inc - (NYSE:GDDY) with a Buy recommendation.
Analyst Price Forecast Suggests 26.20% Upside
As of August 31, 2023, the average one-year price target for Godaddy Inc - is 94.19. The forecasts range from a low of 80.80 to a high of $115.50. The average price target represents an increase of 26.20% from its latest reported closing price of 74.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Godaddy Inc - is 4,434MM, an increase of 6.66%. The projected annual non-GAAP EPS is 2.77.
What is the Fund Sentiment?
There are 886 funds or institutions reporting positions in Godaddy Inc -. This is a decrease of 47 owner(s) or 5.04% in the last quarter. Average portfolio weight of all funds dedicated to GDDY is 0.37%, a decrease of 5.25%. Total shares owned by institutions decreased in the last three months by 2.88% to 176,440K shares. 
The put/call ratio of GDDY is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 13,409K shares representing 9.13% ownership of the company. In it's prior filing, the firm reported owning 13,663K shares, representing a decrease of 1.89%. The firm decreased its portfolio allocation in GDDY by 11.00% over the last quarter.
Wellington Management Group Llp holds 10,943K shares representing 7.45% ownership of the company. In it's prior filing, the firm reported owning 15,508K shares, representing a decrease of 41.73%. The firm decreased its portfolio allocation in GDDY by 34.91% over the last quarter.
Starboard Value holds 10,040K shares representing 6.84% ownership of the company. In it's prior filing, the firm reported owning 10,059K shares, representing a decrease of 0.19%. The firm increased its portfolio allocation in GDDY by 3.47% over the last quarter.
ANWPX - NEW PERSPECTIVE FUND holds 7,637K shares representing 5.20% ownership of the company. In it's prior filing, the firm reported owning 7,886K shares, representing a decrease of 3.26%. The firm decreased its portfolio allocation in GDDY by 11.32% over the last quarter.
Janus Henderson Group holds 7,466K shares representing 5.09% ownership of the company. In it's prior filing, the firm reported owning 7,403K shares, representing an increase of 0.85%. The firm decreased its portfolio allocation in GDDY by 9.21% over the last quarter.
Godaddy Background Information
(This description is provided by the company.)
GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. With 20 million customers worldwide, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success.
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This story originally appeared on Fintel.
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