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FINWIRES

Research Alert: CFRA Maintains Buy Rating On Godaddy

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our price target to $123 from $110, applying a P/E of 15x our 2027 EPS estimate, below GDDY's three- and five-year historical averages of 24x-25x, reflecting caution around decelerating bookings and segment structural pressures. We increase our 2026 EPS estimate to $7.12 from $7.08 and 2027's to $8.20 from $8.10, due to better-than-expected margin performance and outlook on AI-driven efficiencies. In our view, GDDY's push into AI products and operations, building on its dominant domain position, is a well-timed strategic move. While we remain cautious around execution risk as AI initiatives scale, we see encouraging early signals with strong Airo adoption ($10M+ annualized bookings within weeks), Airo Care's 50%+ resolution rate improvements, and solid international growth (+7% Y/Y). We believe the quarter's bookings weakness partly reflects management's deliberate quality-over-quantity strategy, with potential for stabilization as AI distribution expands and marketing spend ramps.

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Research Alert: CFRA Maintains Sell Opinion On Shares Of Sirius Xm Holdings Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $5 to $22, applying an EV/revenue multiple of 2.0x to our 2026 estimate, a discount to its three-year historical average multiple of 2.5x. We trim our 2026 EPS estimate by $0.01 to $3.09 and raise 2027's by $0.14 to $3.45. There was mention of a softer auto sales environment, which created headwinds for trial starts and impacted subscriber acquisition, particularly following last year's tariff-driven pull forward in vehicle sales. Conversion rates for self-pay subscribers saw slight declines, especially as younger car purchasers entered the trial funnel, and used car conversion rates remained lower than new car rates. Subscriber trends are expected to be modestly lower Y/Y, with management cautioning about ongoing pressures and declining to change subscriber guidance for the year due to uncertainties in auto sales and companion subscription take rates.

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US Treasury Lifts Q2 Borrowing Estimate

The US Treasury said Monday that it expects to borrow $189 billion in Q2, a larger borrowing estimate than the $109 billion it announced in its previous statement.The reason for the increase in the borrowing estimate was lower projected net cash flows that were partially offset by a higher-than-expected cash balance at the start of the quarter. The Treasury still assumes a $900 billion end-of-quarter balance.Borrowing is seen at $671 billion in Q3, with an estimated cash balance of $950 billion at the end of September.The Treasury borrowed $577 billion in Q1, ending March with an $893 billion cash balance at the end of the quarter. The Treasury had previously expected to borrow $574 billion with an end-of-March cash balance of $850 billion.The slightly higher amount of Q1 borrowing was due to a higher-than-assumed end-of-quarter cash balance that were partially offset by higher net cash flows, the Treasury said.