Raymond James Financial Downgrades GoDaddy (NYSE:GDDY) to Outperform

GoDaddy (NYSE:GDDY) was downgraded by equities researchers at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Friday, Marketbeat.com reports. They presently have a $100.00 price target on the technology company’s stock. Raymond James Financial’s price objective would suggest a potential upside of 0.46% from the stock’s previous close.

A number of other research firms have also recently commented on GDDY. Wells Fargo & Company set a $80.00 target price on shares of GoDaddy in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on GoDaddy from $154.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, June 18th. Wedbush reissued an “outperform” rating on shares of GoDaddy in a report on Tuesday. Benchmark decreased their target price on GoDaddy from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of GoDaddy in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.21.

GoDaddy Trading Down 5.3%

Shares of GDDY stock opened at $99.54 on Friday. The company has a debt-to-equity ratio of 15.86, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.95 and a beta of 0.89. The stock has a 50 day simple moving average of $86.79 and a 200-day simple moving average of $88.83. GoDaddy has a 1-year low of $71.59 and a 1-year high of $165.11.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. On average, equities research analysts expect that GoDaddy will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling at GoDaddy

In other news, CAO Phontip Palitwanon sold 542 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.86, for a total value of $48,704.12. Following the completion of the sale, the chief accounting officer directly owned 19,995 shares in the company, valued at $1,796,750.70. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mark Mccaffrey sold 3,958 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total value of $355,665.88. Following the completion of the sale, the chief financial officer directly owned 109,228 shares of the company’s stock, valued at approximately $9,815,228.08. This represents a 3.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 16,751 shares of company stock valued at $1,480,228. Company insiders own 0.93% of the company’s stock.

Institutional Trading of GoDaddy

Several large investors have recently added to or reduced their stakes in GDDY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of GoDaddy during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in GoDaddy during the fourth quarter worth about $25,000. Activest Wealth Management boosted its holdings in GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of GoDaddy by 93.8% in the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Finally, Harbour Investments Inc. increased its holdings in shares of GoDaddy by 191.0% during the 4th quarter. Harbour Investments Inc. now owns 259 shares of the technology company’s stock worth $32,000 after buying an additional 170 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Second-quarter results beat estimates. GoDaddy reported adjusted EPS of $1.83, above the roughly $1.69–$1.72 analyst consensus, while revenue reached approximately $1.30 billion versus expectations near $1.29 billion. Revenue increased about 7% year over year. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: AI and cash-flow trends were encouraging. Annualized recurring revenue rose 6% to $4.4 billion, international revenue grew 8%, and the company said its Airo artificial-intelligence product reached $50 million in annualized recurring revenue. GoDaddy reaffirmed its approximately $1.8 billion free-cash-flow target for 2026. GoDaddy Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Full-year revenue guidance was maintained or updated to $5.2 billion–$5.3 billion, broadly in line with analyst expectations. Third-quarter revenue guidance of $1.315 billion–$1.335 billion also brackets consensus, limiting the benefit of the earnings beat. GoDaddy Forecasts Q3 Revenue
• Negative Sentiment: Investors viewed the forward outlook as underwhelming. With sales guidance largely in line rather than raised after the quarterly beat, the results did not provide the stronger growth acceleration the market appears to have expected. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: AI-related disruption and margin concerns remain overhangs. Investors are weighing whether generative AI could pressure GoDaddy’s traditional domain and web-services businesses, while also questioning the durability of margin expansion. Separate law-firm announcements regarding potential securities investigations add an additional sentiment risk, although they do not establish wrongdoing. GoDaddy Fell on AI Disruption and Margin Concerns

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.