Piper Sandler has decided to maintain its Overweight rating of GoDaddy GDDY and lower its price target from $110.00 to $100.00.
Shares of GoDaddy are trading down 6.9% over the last 24 hours, at $67.64 per share.
A move to $100.00 would account for a 47.84% increase from the current share price.
GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
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