Benchmark analyst Mark Zgutowicz lowered the firm’s price target on GoDaddy (GDDY) to $250 from $275 and keeps a Buy rating on the shares. Ahead of GoDaddy’s Q1 earnings on Thursday, the firm said it views the company as well positioned to drive better-than-expected ARPU gains in the next twelve months. However, it also notes that its FY24-FY26 total revenue CAGR of 7.0% is now at the midpoint of the FY24 investor day guidance.
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