Citi extends ‘positive catalyst watch’ on shares of GoDaddy

Citi opened a “30-day positive catalyst watch” on shares GoDaddy as a continuation of the firm’s previous 90-day positive catalyst watch expecting upside to the shares post the March 6 investor day. The analyst expects GoDaddy to provide new long-term targets that achieve rule of 40 and positive product execution that will improve conversion and attach rates. The firm has a Buy rating on the shares with a $130 price target.