(Updated to include Wedbush commentary)
Wedbush lowered its price target on GoDaddy (GDDY) to $93 from $109 following its Q2 results.
While the quarterly results were largely in-line, the full-year revenue guidance was tightened, with the high end lowered, and A&C bookings are expected to stay in the high single digits, analysts Ygal Arounian and Chase Tohanczyn wrote in a Monday note.
GoDaddy is accelerating its move into agentic web building/vibe coding, but the transition is impacting near-term growth and may limit margin upside due to higher compute costs, the analysts said.
GoDaddy has an average rating of overweight and mean price target of $105.87, according to analysts polled by FactSet.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Price: $87.09, Change: $+4.35, Percent Change: +5.26%