GoDaddy (GDDY) Receives a Buy from Barclays

By Ryan Adsit

In a report issued on May 3, Deepak Mathivanan from Barclays maintained a Buy rating on GoDaddy (GDDYResearch Report), with a price target of $90. The company’s shares closed on Friday at $79.38.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 23.1% and a 68.5% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Wix.com Ltd, and Yelp Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GoDaddy with a $89 average price target, a 12.1% upside from current levels. In a report issued on April 29, SunTrust Robinson also assigned a Buy rating to the stock with a $89 price target.

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GoDaddy’s market cap is currently $13.38B and has a P/E ratio of 186.51. The company has a Price to Book ratio of 16.88.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock.

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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.