GoDaddy Inc Class A
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$518.00 | Dxfzw | Mwlfrxdkj |
GoDaddy Earnings: Product Bundling Drives Improved Profitability and Top-Line Growth
We raise our fair value estimate for no-moat GoDaddy to $120 per share, from $115, following solid second-quarter results that track ahead of our prior full-year expectations. GoDaddy continues to enjoy a mix shift to higher-margin solutions while achieving operational efficiencies, including leveraging AI in customer support. Following the result, we raise our near-term forecasts to align with updated guidance, as well as our medium-term assumptions for the applications and commerce segment. However, at current prices, GoDaddy shares screen as overvalued, trading at a 25% premium to our updated valuation.