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FINWIRES

GoDaddy Faces AI Fears Head-On, RBC Says

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-- GoDaddy (GDDY) reported a "very clean" Q1 and reiterated its full-year outlook even as the stock likely more priced for a guide down, RBC Capital Markets said in a note Friday.

The report pointed to positives in the quarter, including bookings for its Applications and Commerce that decelerated in-line to 9% which was expected after last quarter's discounting.

"Discounting continues but is stable and given the AI concerns,

A&C must maintain at least LDD growth rates going forward if the stock is to work," the note said.

The report also said margins came in ahead, making the rest of the year look like a lay-up.

RBC kept its outperform rating with a price target of $95.

Price: $86.93, Change: $+0.13, Percent Change: +0.16%

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