GoDaddy Stock Surpasses Analyst Price Targets: What’s Next for Investors?
Shares of GoDaddy Inc (Symbol: GDDY) have recently traded above the average 12-month target price of $201.53, reaching $202.94 per share. When a stock hits an analyst’s target price, they typically have two choices: downgrade their valuation or raise the target to reflect new expectations. The decision often hinges on current developments within the company that could justify an increase in the target price.
Within the Zacks coverage universe, 15 different analysts provide input on GoDaddy Inc. This average encompasses a range of perspectives. Some analysts set lower targets, such as one that anticipates a price of $160.00, while a more optimistic outlook places a target as high as $250.00, resulting in a standard deviation of $27.034.
The significance of the average GDDY price target lies in its reflection of collective analyst opinions, rather than just one individual’s view. With GDDY now surpassing the average target of $201.53 per share, investors have a timely opportunity to reevaluate the company’s potential. They must decide if this point is merely a stepping stone toward even higher targets, or if the valuation exceeds reasonable limits, suggesting it might be prudent to consider selling some shares. Below is a detailed table of the current analyst outlook for GoDaddy Inc:
| Recent GDDY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 9 | 9 | 10 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 7 | 7 | 7 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.88 | 1.88 | 1.88 | 1.76 |
The average rating in the table is scored on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Strong Sell. This article features data provided by Zacks Investment Research via Quandl.com. For further insights, consider the latest Zacks research report on GDDY — available free of charge.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
