For its third fiscal quarter (ending September 30), GoDaddy Inc (NYSE: GDDY) has reported a 51% increase in E.P.S. from $0.90 a year ago to $1.36 in the current quarter. For the latest four quarters through September 30, E.P.S. were $13.10 compared to $2.33 a year ago — an increase of 462%.
Recent Price Action
On 10/30/24, GoDaddy Inc (NYSE: GDDY) stock rose slightly by 0.2%, closing at $161.60. Moreover, above average trading volume at 138% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GDDY is expected to continue to be a major Value Builder.
GoDaddy has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. GoDaddy has a very high Power Rating of 90 and a very high Appreciation Score of 97, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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