The current analyst and expert consensus on Godaddy is Buy with 5 hold recommendations. The current projected Godaddy target price consensus is 97.54 with 13 analyst opinions. One of the most common ways Godaddy analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Godaddy vendors, executives, and/or customers. Godaddy recommendation module provides expert sentiment on the projected Godaddy target price to derive its highest and lowest estimates based on target price standard deviation of 11.587. Check out Macroaxis Advice on Godaddy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.For more information on how to buy Godaddy Stock please use our How to Invest in Godaddy guide.
Profit Margin is likely to rise to 0.09 in 2023, whereas Gross Profit is likely to drop slightly above 2.2 B in 2023. At this time, Godaddy's Receivables is fairly stable as compared to the past year. Accounts Payable is likely to rise to about 141.2 M in 2023, whereas Total Assets are likely to drop slightly above 6.7 B in 2023.
It's important to approach Godaddy's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Godaddy Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Godaddy target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Godaddy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Godaddy Target Price ProjectionGodaddy's current and average target prices are 104.31 and 97.54, respectively. The current price of Godaddy is the price at which Godaddy is currently trading. On the other hand, Godaddy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.
Godaddy Market Quote on 9th of December 2023
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Godaddy and the information provided on this page.
Analyst Consensus On Godaddy Target Price
Godaddy Analyst RatingsGodaddy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Godaddy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Godaddy's financials, market performance, and future outlook by experienced professionals. Godaddy's historical ratings below, therefore, can serve as a valuable tool for investors.
Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Godaddy price targetsGodaddy's stock target price is an estimate of its future price, usually made by analysts. Using Godaddy's target price to determine if it is a suitable investment can be done through the following steps:
- Look at Godaddy's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Godaddy's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Godaddy Value Projection ModulesMost investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Godaddy is a key component of Godaddy valuation and have some predictive power on the future returns of a Godaddy.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Godaddy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Godaddy in the context of predictive analytics.
Trending ThemesIf you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. When determining whether Godaddy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Godaddy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Godaddy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Godaddy Stock:
Check out Macroaxis Advice on Godaddy to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.For more information on how to buy Godaddy Stock please use our How to Invest in Godaddy guide.Note that the Godaddy information on this page should be used as a complementary analysis to other Godaddy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Godaddy Stock analysis
When running Godaddy's price analysis, check to measure Godaddy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Godaddy is operating at the current time. Most of Godaddy's value examination focuses on studying past and present price action to predict the probability of Godaddy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godaddy's price. Additionally, you may evaluate how the addition of Godaddy to your portfolios can decrease your overall portfolio volatility.
The data published in Godaddy's official financial statements usually reflect Godaddy's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Godaddy. For example, before you start analyzing numbers published by Godaddy accountants, it's critical to develop an understanding of what Godaddy's liquidity, profitability, and earnings quality are in the context of the IT Services space in which it operates.
Please note, the presentation of Godaddy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Godaddy's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Godaddy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Godaddy. Please utilize our Beneish M Score to check the likelihood of Godaddy's management manipulating its earnings.