Wells Fargo & Company Lowers GoDaddy (NYSE:GDDY) Price Target to $77.00

GoDaddy (NYSE:GDDY) had its target price lowered by equities researchers at Wells Fargo & Company from $145.00 to $77.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 10.78% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. B. Riley Financial reduced their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald reduced their price objective on GoDaddy from $130.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday. Royal Bank Of Canada set a $70.00 target price on shares of GoDaddy in a research report on Wednesday, January 7th. Finally, Evercore cut their price target on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.93.

GoDaddy Price Performance

GDDY opened at $86.30 on Wednesday. GoDaddy has a 1 year low of $73.06 and a 1 year high of $193.55. The company’s 50 day simple moving average is $105.65 and its 200 day simple moving average is $125.24. The stock has a market capitalization of $11.66 billion, a PE ratio of 13.85, a P/E/G ratio of 0.72 and a beta of 0.94. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.57 and a current ratio of 0.61.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.22. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. GoDaddy’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, sell-side analysts expect that GoDaddy will post 6.63 EPS for the current year.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the transaction, the chief executive officer directly owned 399,133 shares of the company’s stock, valued at approximately $51,065,076.02. The trade was a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Phontip Palitwanon sold 2,397 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total value of $307,870.68. Following the completion of the transaction, the chief accounting officer owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. This represents a 12.32% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,615 shares of company stock worth $1,743,102. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GoDaddy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in GoDaddy in the 4th quarter valued at about $250,020,000. AQR Capital Management LLC increased its position in shares of GoDaddy by 117.5% during the fourth quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock worth $370,991,000 after acquiring an additional 1,615,005 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of GoDaddy by 47.0% in the third quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock worth $483,360,000 after acquiring an additional 1,128,646 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in GoDaddy by 2,289.5% in the second quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company’s stock valued at $157,305,000 after purchasing an additional 837,065 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in GoDaddy by 99.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock valued at $223,183,000 after purchasing an additional 814,360 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy News Roundup

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Q4 earnings beat and upbeat outlook — GoDaddy reported stronger-than-expected EPS and an encouraging 2026 revenue and cash-flow outlook, supporting the case that the core business can still deliver margin expansion and cash generation. Q4 Earnings Beat
• Positive Sentiment: Strategic product news — GoDaddy disclosed integrations with Salesforce AI/MuleSoft capabilities, which investors may view as validating its AI/agent strategy and potential new enterprise pull-through. Salesforce Integration
• Neutral Sentiment: Some analysts retained constructive ratings even after cuts — major brokers cut price targets but kept “buy”/”overweight” stances (e.g., Citi and Barclays), signaling continued confidence in the story despite reduced near‑term expectations. Analyst Notes
• Neutral Sentiment: Mixed analyst re-rates to neutral — UBS and Cantor Fitzgerald trimmed targets and moved to neutral ratings in recent reports, which may limit upside until guidance clarity returns. UBS PT Cut Cantor PT
• Negative Sentiment: Widespread price-target cuts — Multiple banks slashed targets sharply (Wells Fargo to $77, RBC/UBS/Citi/Barclays and others also cut), increasing near‑term downside risk and signaling lower consensus valuations. Wells Fargo PT Cut Multiple PT Cuts
• Negative Sentiment: Securities‑fraud investigations announced — Several law firms have opened probes into GoDaddy’s disclosures around the earnings period, creating legal/settlement risk and adding to investor uncertainty. Fraud Investigation
• Negative Sentiment: Weaker 2026 revenue guidance drove a sharp knee‑jerk selloff after results — guidance was viewed as disappointing by some investors and triggered a move to multi‑year lows earlier in the week. Weaker Guidance Two-Year Low

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.