Published On: Wed, Oct 19th, 2016

Cantor Fitzgerald Indicates Potential 17.35% Increase In Shares Of GoDaddy Inc


On Wednesday Cantor Fitzgerald indicated its broker consensus on shares of GoDaddy Inc (NYSE:GDDY) giving the company a ‘Buy’ rating.

Cantor Fitzgerald gave shares of GoDaddy Inc a price target of 42 indicating a potential increase of 17.35% from GoDaddy Inc’s current price of 35.79.

NYSE:GDDY


In the prior 12 months GoDaddy Inc’s stock price has increased by 30.62% from 27.4 to 35.79.

GoDaddy Inc has 82,449,000 shares in issue which have a share price of 35.79 giving GoDaddy Inc a market capitalisation of 2.95B USD .

The 52 week high of GoDaddy Inc’s shares is 36.36 whilst the 52 week low for the company’s shares is 23.88. The 50 day moving average of NYSE:GDDY is 34.02 and the 200 day moving average is 31.92.

GoDaddy Inc. is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence. It provides applications that enable connecting to customers and managing businesses. The Company provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. It provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products. Its hosting products are shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, security and cloud services and cloud applications.