UBS lowered the firm’s price target on GoDaddy (GDDY) to $160 from $215 and keeps a Neutral rating on the shares. The price target reduction reflects the near-term difficulty in GoDaddy disproving the vibe-coding bear case without making any GenAI acquisitions to-date, the analyst tells investors in a research note. Without a more meaningful product update/acquisition, UBS believes a potential early-2026 Investor Day with new 2-year targets would likely be met with skepticism.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GDDY:
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- M&A News: GoDaddy Stock (GDDY) Reverses as PE Giant CVC Eyes $1.5B Deal For Rival Namecheap
- GoDaddy management to meet virtually with B. Riley
- GoDaddy’s Strategic Growth: AI-Driven Initiatives and Global Expansion Fuel Buy Rating
- GoDaddy management to meet virtually with Benchmark