Wall Street is positive on Godaddy Inc (GDDY). On average, analysts give Godaddy Inc a Strong Buy rating. The average price target is $106.181, which means analysts expect the stock to increase by 41.22% over the next twelve months.
That average ranking earns Godaddy Inc an Analyst Rating of 78, which is better than 78% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Godaddy Inc Stock Today?
Godaddy Inc (GDDY) stock is lower by -1.42% while the S&P 500 is up 1.28% as of 1:38 PM on Friday, Mar 5. GDDY has fallen -$1.08 from the previous closing price of $76.27 on volume of 1,329,362 shares. Over the past year the S&P 500 is up 26.22% while GDDY is up 12.66%. GDDY lost -$2.94 per share the over the last 12 months.
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