Barclays Keeps Their Buy Rating on GoDaddy (GDDY)

By Ryan Adsit

Barclays analyst Deepak Mathivanan maintained a Buy rating on GoDaddy (GDDYResearch Report) yesterday and set a price target of $82. The company’s shares closed yesterday at $72.39.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 18.5% and a 67.9% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Wix.com Ltd, Yelp Inc, and GrubHub.

Currently, the analyst consensus on GoDaddy is a Strong Buy with an average price target of $87.83, a 21.3% upside from current levels. In a report issued on February 13, Piper Jaffray also maintained a Buy rating on the stock with a $91 price target.

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GoDaddy’s market cap is currently $12.08B and has a P/E ratio of 136.97. The company has a Price to Book ratio of 17.37.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.