Evercore raised its target for GoDaddy but kept its In-Line rating. The new target matched recent share trading, and the update reported no new company results, so it does not change the outlook.
The analyst kept its In-Line rating and said the new target matches where GoDaddy shares had recently traded. The update adds no new sales, profit, or company forecast, so it does not show a clear change in GoDaddy’s business outlook.
Follow GoDaddy (GDDY) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for GDDY