Evercore ISI lowered the firm’s price target on GoDaddy (GDDY) to $145 from $180 and keeps an In Line rating on the shares. GoDaddy’s Q3 results were solid with a revenue/NEBITDA/FCF beat, largely driven by strong Aftermarket domain sales, the analyst tells investors in a research note. The firm noted, however, that the guidance for Q4 was mixed, with EBITDA aligning with Street estimates, but revenue guidance only slightly above consensus.
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