JP Morgan Reiterates Buy Rating for GoDaddy Inc.
JP Morgan analyst Alexei Gogolev maintains a buy rating on GoDaddy with a $124 price target, a 53.50% upside from the current price.
Key Points
- JP Morgan's Alexei Gogolev reiterated a buy rating on GoDaddy Inc. with a $124 price target on June 18, 2026.
- JP Morgan's $124 price target implies 53.50% upside from GoDaddy Inc.'s ($GDDY) current $80.78 share price.
- GoDaddy shares are trading at $76.11 with a market cap of approximately $10.08 billion and a P/E ratio of 12.06.
- BlackRock trimmed its stake in GoDaddy by 640,245 shares, while Ameriprise Financial increased its holdings by 2,388,459 shares.
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JP Morgan analyst Alexei Gogolev has reiterated a buy rating for GoDaddy Inc. (NYSE:GDDY), setting a price target of $124. This reaffirmation was made on June 18, 2026, as the stock trades around $76.11.
Other Institutional Activity in GoDaddy
There has been notable movement among institutional investors in GoDaddy. BlackRock trimmed its stake by 640,245 shares, bringing its total holdings to about 13.3 million shares valued at approximately $1.1 billion. Meanwhile, Ameriprise Financial significantly boosted its position by 2,388,459 shares, ending with about 6.3 million shares worth $520.6 million. Morgan Stanley added 89,540 shares, increasing its holdings to approximately 6.6 million shares valued at $544.1 million.
GoDaddy Inc. Stock Down 17.3%
Shares of GoDaddy Inc. are currently trading near $76.11. The company has a market cap of around $10.08 billion and a P/E ratio of 12.06, with a forward P/E of 7.06. The stock's 52-week range spans from $71.59 to $181.49. GoDaddy's 50-day moving average is $85.17, and its 200-day moving average stands at $108.46. The company has a beta of 0.889, indicating lower volatility compared to the broader market.
Recent Earnings
For the recent period, GoDaddy reported revenues of approximately $5.02 billion, reflecting a growth rate of 6.1%. The company achieved a net margin of 17.32% and a return on equity (ROE) of 3.98%. Earnings per share (EPS) came in at $6.31. The next earnings announcement is expected on August 6, 2026.
Insider Buying and Selling at GoDaddy Inc.
Recent insider activity at GoDaddy includes several transactions. On June 8, 2026, Chief Financial Officer Mark McCaffrey sold 3,500 shares at an average price of $82.92. On June 3, 2026, insiders Leah Sweet, Sigal Zarmi, Srinivas Tallapragada, Brian Sharples, and Caroline Donahue each purchased 2,925 shares.
Analysts Set New Price Targets
On June 18, 2026, JP Morgan maintained its buy rating on GoDaddy with a price target of $124. This aligns with the broader consensus among analysts, with a mean target price of $114.29 based on 14 opinions. Other recent ratings include UBS maintaining a hold with a $100 target on May 5, 2026, and Benchmark maintaining a buy with a $185 target on April 28, 2026.
About GoDaddy
GoDaddy Inc., headquartered in Tempe, Arizona, specializes in cloud-based products and services aimed at small businesses and individuals. The company operates through two main segments: Applications and Commerce, and Core Platform. Its offerings include website building tools, domain registration, and online marketing services. GoDaddy also provides payment processing solutions and security services. Led by CEO Amanpal Singh Bhutani, the company employs approximately 5,845 people.
Bottom Line
JP Morgan's reiterated buy rating and $124 price target reflect confidence in GoDaddy's performance. Investors track such analyst updates for insights, though it's important to remember that these ratings are based on past data and may not reflect future conditions.
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